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

Question

Question :
Which of the following will not appear on the asset side of the Balance Sheet of a Social Club?
Option 1: Honorarium
Option 2: Sports fund Investment
Option 3: Balance of cash in hand and Bank
Option 4: Outstanding Subscription

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Answer 1

Correct Answer: Life membership fee

Solution : Capital receipt is a receipt which is used for special purpose. For example, life membership fee. Hence, the correct option is 1.

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

Related Questions

Question : Which of the following will not appear on the asset side of the Balance Sheet of a Social Club?Option 1: HonorariumOption 2: Sports fund InvestmentOption 3: Balance of cash in hand and BankOption 4: Outstanding Subscription

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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

Question :
Which of the following will not appear on the asset side of the Balance Sheet of a Social Club?
Option 1: Honorarium
Option 2: Sports fund Investment
Option 3: Balance of cash in hand and Bank
Option 4: Outstanding Subscription

Question :
The surplus generated by a not-for-profit organisation is:
Option 1: Distributed amongst the members
Option 2: Added to capital fund
Option 3: Credited to a special fund
Option 4: None of these

Question :
General donations are treated as:
Option 1:
Revenue receipt
Option 2:
Capital receipt
Option 3: Revenue expenditure
Option 4: Capital expenditure

Question :
As all other business concerns be its sole proprietorship or partnership have capital, a not-for- profit organisation has:
Option 1:
capital fund
Option 2: general fund
Option 3: any of these
Option 4: none of these

Question : Which of the following is an appropriation of profit?
Option 1: Interest on Loan
Option 2: Interest on Partner's Capital
Option 3: Salary to Manager
Option 4: Rent