Question : Which should be considered as capital receipt of a club :-
Option 1: Donation
Option 2: Sale of Newspaers
Option 3: Sale of Bar items
Option 4: Sale of Furniture

Question

Question : Which should be considered as capital receipt of a club?
Option 1: Cash from the sale of fixed assets
Option 2: Cash from the sale of shares in the business
Option 3: Cash from the issuance of a debt instrument which includes loans and bonds
Option 4: All of the above

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Answer 1

Correct Answer: Sale of Furniture

Solution : Receipts that are not recurring in nature and do not result from the business's routine operations are referred to as capital receipts. Capital receipts are one-time events that have no bearing on the company's earnings. The issuance of shares, debentures, loans, sales of fixed assets, etc. are a few instances of capital receipts.
Hence, the correct option is 4.

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Question : Which should be considered as capital receipt of a club :-Option 1: Donation Option 2: Sale of Newspaers Option 3: Sale of Bar items Option 4: Sale of Furniture

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Question : Which should be considered as capital receipt of a club :-
Option 1: Donation
Option 2: Sale of Newspaers
Option 3: Sale of Bar items
Option 4: Sale of Furniture

Question : Which should be considered as capital receipt of a club?
Option 1: Cash from the sale of fixed assets
Option 2: Cash from the sale of shares in the business
Option 3: Cash from the issuance of a debt instrument which includes loans and bonds
Option 4: All of the above

Question : The amount received from the sale of old newspapers by a club is treated as:
Option 1: Revenue Receipt
Option 2: Capital Receipt
Option 3: Asset
Option 4: Liability

Question : The amount received from the sale of old newspapers by a club is treated as:
Option 1: Revenue Receipt
Option 2: Capital Receipt
Option 3: Asset
Option 4: Liability

Question : Subscription received by a club for cricket match is treated as:
Option 1: Revenue Receipt
Option 2: Asset
Option 3: Earned Income
Option 4: Capital Receipt

Question : Subscription received by a club for cricket match is treated as:
Option 1: Revenue Receipt
Option 2: Asset
Option 3: Earned Income
Option 4: Capital Receipt