Sale proceeds of fixed assets are a

A. Capital profit

B. Revenue profit

C. Capital receipt

D. Revenue receipt

Details: 

Capital receipts are receipts that create liabilities or reduce financial assets. They also refer to incoming cash flows. Capital receipts can be both non-debt and debt receipts. Cash received from sale of fixed assets, the loan amount received by the company from a bank, and capital invested in the business by a new partner are all examples of capital receipts.