Question : Endowment fund received by NPO is:

Option 1: Capital Expenditure

Option 2: Revenue Expenditure

Option 3: Revenue Receipt

Option 4: Capital Receipt

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

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

Question : Grouping of Accounts means the classification of data from - 

Option 1: Assets, Capital, and Liabilities

Option 2: Assets, Capital, Liabilities, Revenues & Expenses

Option 3: Assets, Owners equity, Revenue & Expenses

Option 4: Capital, Liabilities, Revenues, & Expenses

Question : The amount received from the sale of old newspapers by a club is treated as:

Option 1: Revenue Receipt

Option 2: Capital Receipt

Option 3: Asset

Option 4: Liability