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    • Question : General donations are treated as: Option 1: Revenue receipt Option 2: Capital receipt Option 3: Revenue expenditure Option 4: Capital expe ...
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    Question :

    General donations are treated as:

    Option 1:

    Revenue receipt

    Option 2:

    Capital receipt

    Option 3: Revenue expenditure

    Option 4: Capital expenditure

    Team Careers360 13th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 23rd Jan, 2024

    Correct Answer:

    Revenue receipt


    Solution : General donations are for non-specific purposes and are treated as revenue receipts. Hence, the correct option is 1.

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