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Commerce · Q2063

Accounting

Graduate and Post Graduate · Commerce · question 2063

Q2063

In case of a news agent, which of the following is a revenue receipt?

A.
The proceeds of the sale of plant and equipment
B.
Money received from insurance company as a result of crashing a delivery vehicle
C.
A refund received from a supplier as compensation for damaged stock supplied
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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