CAPITAL RECEIPTS is proceeds from the sale of capital assets. They may be used to finance new capital expenditure or repay existing loan debt. Receipts available to finance capital expenditure in future years are normally held in the usable capital receipts reserve.
RCLD see REPRODUCTION COST LESS DEPRECIATION.
VERIFIABILITY is where the fact is capable of being tested (verified or falsified) by experiment or observation.
Enter a term, then click the entry you would like to view.