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

Question

Question :

General donations are treated as:

Option 1:

Revenue receipt

Option 2:

Capital receipt

Option 3: Revenue expenditure

Option 4: Capital expenditure

Team Careers360 · Accepted Answer

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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Question : General donations are treated as:Option 1: Revenue receiptOption 2: Capital receiptOption 3: Revenue expenditureOption 4: Capital expenditure

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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

Question :
Any amount received as per the will of a

Question :
A credit balance of Income and Expenditure for

Question :
Which of the following show the debit balance

Question :
An account akin to Profit and Loss Account in

Question :
Receipts and Payments Account does not include