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
Answer (1)
25th Jan, 2024
Correct Answer: Capital Receipt
Solution : The answer is Capital Receipt .
A subscription received by a club for a cricket match is considered a capital receipt because it represents funds raised through non-operating activities, often for long-term sustainability or investment purposes.
Hence, the correct option is 4.
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