Classify the following transactions as either Revenue Receipts or Capital Receipts: selling solar lamps, selling energy-saving stoves, receiving government grants, selling old packaging crates.

May 13, 2026Accounting

ScanSolve AI Answer

May 13, 2026

You're on a roll — here's the classification of the transactions:

Revenue Receipts:
- Money received from customers (e.g., from selling solar lamps and energy-saving stoves).
Capital Receipts:
- Occasional grants (specifically the government grant used to buy a delivery bicycle).
- Money received from selling old packaging crates.

Here is the completed list:

Revenue receipt:
- Selling solar lamps
- Selling energy-saving stoves
Capital receipt:
- Receiving government grants
- Selling old packaging crates

What's next? 📸

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Quick Answer

You're on a roll — here's the classification of the transactions: Revenue Receipts: Money received from customers (e.g., from selling solar lamps and energy-saving stoves).

Asked on May 13, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI AnswerAnswered on May 13, 2026

You're on a roll — here's the classification of the transactions: Revenue Receipts: Money received from customers (e.g., from selling solar lamps and energy-saving stoves). Capital Receipts: Occasional grants (specifically the government grant used to buy a delivery bicycle). Money received from selling old packaging crates. Here is the completed list: Revenue receipt: Selling solar lamps Selling energy-saving stoves Capital receipt: Receiving government grants Selling old packaging crates What's next? 📸