Concept:Capital receipts are amounts received from non-trading activities, such as the sale of fixed assets, which reduce assets or create liabilities.
Explanation:A motor vehicle is a fixed asset of the business, not stock in trade.
When a motor vehicle is sold, the amount received is a capital receipt because it reduces the business’s fixed assets.
Receipts from sale of stock, trade debtors, or normal trading activities are revenue receipts, as they arise from day-to-day operations.
Therefore, the only correct option is the sale of a motor vehicle.
Answer:A. on sales of motor vehicle