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
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.
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
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