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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


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

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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