37. What Is Capital Loss And Revenue Loss?
Capital loss is that loss which occurs due to sale of some fixed asset. For examples, loss due to issue of shares or debentures at a discount, loss due to misappropriation of Cash from the office or forfeiture of security deposited for getting an agency. Revenue losses are those losses, which occur due to sale and purchase of goods. For example, Bad Debts, loss due to fall in the price of goods etc.
