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

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

Team Careers360 · Accepted Answer

Correct Answer: Subscription

Solution : Subscriptions are the main source of income for an NPO. This will yield benefits to the entity in current year and they are recurring in nature. Thus, Subscriptions are the revenue receipts.
Hence, the correct option is 3.

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Question : Which one of the following is not a Capital receipt?Option 1: Donation for specific purposesOption 2: Endowment fund receiptsOption 3: SubscriptionOption 4: Legacies

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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 one of the following is not a revenue receipt?
Option 1: Rent received
Option 2: Entrance fees
Option 3: Interest received
Option 4: Endowment fund receipt

Question : Which of the following is an unrestricted fund?
Option 1: Sports fund
Option 2: Capital fund
Option 3: Annuity fund
Option 4: Endowment fund

Question : Endowment fund received by NPO is:
Option 1: Capital Expenditure
Option 2: Revenue Expenditure
Option 3: Revenue Receipt
Option 4: Capital Receipt

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 : Out of the following which is Unrestricted Fund?
Option 1: Annuity Fund
Option 2: Sports Fund
Option 3: Endownment fund
Option 4: Capital fund