Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Political Science, Law, Economics & Current AffairsEconomics & Trade Terms
In business terminology, how is the selling of old newspapers classified?
- A.Revenue receiptCorrect answer
- B.Capital receipt
- C.Deferred revenue expenditure
- D.Capital expenditure
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Practice these MCQs in the appQuick fact: In business terminology, the selling of old newspapers is classified as a revenue receipt because it is a routine, non-capital income from the sale of scrap or waste assets.