A wholesaler recorded these transactions: • goods worth $30000 were sold on credit • a cheque for $12000 was received from the sale of old fixtures at book value How should these amounts be classified?
- Arevenue receipt: nil; capital receipt: $42000
- Brevenue receipt: $12000; capital receipt: $30000
- Crevenue receipt: $30000; capital receipt: $12000
- Drevenue receipt: $42000; capital receipt: nil