Question : Life Membership Fee received by NPO is accounted as:

Option 1: Capital Receipt

Option 2: Revenue Receipt

Option 3: Assets

Option 4: Outside liabilities

Question : Which one of the following is not a revenue receipt?

Option 1: Rent received

Option 2: Entrance fees

Option 3: Interest received

Option 4: Endowment fund receipt

Question : Non-tax revenue is part of ______.

Option 1: Revenue expenditure

Option 2: Revenue receipts

Option 3: Capital expenditure

Option 4: Capital receipts

Question : Which of the following is an unrestricted fund?

Option 1: Sports fund

Option 2: Capital fund

Option 3: Annuity fund

Option 4: Endowment fund

Question : Subscription received by a club for cricket match is treated as:

Option 1: Revenue Receipt

Option 2: Asset

Option 3: Earned Income

Option 4: Capital Receipt