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<p><strong>(a) The amount is heavy</strong><strong>(b) It is credited to capital account</strong><strong>(c) It relates to fixed assets</strong><strong>(d) It is received not in the regular course of business</strong></p>
I would say (b) It is credited to capital account
In my opinion the best answer is D.
Capital receipts may come from three (3) sources: Sale of Capital Assets, Sale of Shares or Issuance of Debentures.
Option1. Receipts may NOT ALWAYS entail huge amounts even if it comes from sources as mentioned above
Option2. It may be credited to a Capital account, but NOT ALWAYS (as for the case of Sale of fixed assets and issuance of shares)
Option3. It does NOT ALWAYS come from fixed assets
Option4. The nature of capital receipts is non-recurring because they are not received in the normal course of business, unlike revenue receipts.
Answer option: (d) >>>>>>>>>>>>>> It is received not in the regular course of business
it could be b and d
ANSWER (d) It is received not in the regular course of business
