Question : Identify Revenue receipt from the following:
Option 1: Donation for Building Fund
Option 2: Subsciption
Option 3: Donation for tournament fund
Option 4: Life memebership fees
Answer (1)
12th Jan, 2024
Correct Answer: Subsciption
Solution :
Revenue receipts are those that come from the normal operations of the firm and are of a recurring character. Recurring revenue receipts have an impact on the company's profits. Sales, rendered services, commissions, subscription, rent, etc. are a few instances of revenue receipts.
Hence, the correct option is 2.
Comments (0)
Related Questions
Trending Articles/News
.jpg)
