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

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

Team Careers360 · Accepted Answer

Correct Answer: Endowment fund receipt

Solution : Endowment fund is a fund arising from a bequest or gift, the income of which is devoted for a specific purpose. Thus it is a capital receipt because it provides a permanent income to the institution.
Hence, the correct option is 4.

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Question : Which one of the following is not a revenue receipt?Option 1: Rent receivedOption 2: Entrance feesOption 3: Interest receivedOption 4: Endowment fund receipt

Related Questions

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

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 : 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 : 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 : Examples of Restricted Fund are
Option 1: Government Grant
Option 2: Endowment Fund
Option 3: Annuity Fund, Loan Fund, Prize Fund
Option 4: All of the above