Question : Out of the following, which one is a capital receipt?

Option 1: Subscriptions
Option 2: Life membership fees
Option 3: Contribution for Annual Dinner
Option 4: General Donation

Question

Question : Out of the following, which one is a capital receipt?

Option 1: Subscriptions

Option 2: Life membership fees

Option 3: Contribution for Annual Dinner

Option 4: General Donation

Team Careers360 · Accepted Answer

Correct Answer: Life membership fees

Solution : The answer is Life Membership fee.
Life membership fee is accounted as a Capital Receipt and added to Capital fund in the liabilites side of Balance Sheet.
Hence, the correct option is 2.

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Question : Out of the following, which one is a capital receipt? Option 1: SubscriptionsOption 2: Life membership feesOption 3: Contribution for Annual DinnerOption 4: General Donation

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Question : Out of the following, which one is a capital receipt?

Option 1: Subscriptions
Option 2: Life membership fees
Option 3: Contribution for Annual Dinner
Option 4: General Donation

Question : Out of the following, which one is a capital receipt?

Option 1: Subscriptions
Option 2: Life membership fees
Option 3: Contribution for Annual Dinner
Option 4: General Donation

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

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 Capital receipt?
Option 1: Donation for specific purposes
Option 2: Endowment fund receipts
Option 3: Subscription
Option 4: Legacies

Question : Which of the following is a capital receipt?
Option 1: Life membership fee
Option 2: General Donation
Option 3: Subscription
Option 4: Interest on long term Investment