Question : Subscription received by a school for sports day is
Option 1: Capital receipt
Option 2: Revenue receipt
Option 3: Asset
Option 4: Income
Correct Answer: Capital receipt
Solution : Subscription received by a school for sports day is for special purpose and therefore it is a capital receipt. Hence, the correct option is 1.
Question :
Directions:
Question : Find out the misfit sentence in the following set of sentences
Correct the following sentence
Question : Directions: In the following question, select the related word from the given alternatives. School : Teacher :: Court : ?
Question : Which of the following are the part of national income?
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