Which of these is not income?
A) Receipts from the sale of goods.
B) Receipts from the provision of services.
C) Interest received.
D) Additional capital contributed by the owner.

Question

Quizplus · Accepted Answer

Additional capital contributed by the owner is not considered income but is considered equity. Income includes receipts from the sale of goods, receipts from the provision of services, and interest received.

Which of These Is Not Income