Money received by a school for organisin

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

Money received by a school for organising annual school function is a..............

Options:

Revenue receipt

Capital Receipt

Profit

None of the above

Correct Answer:

Revenue receipt

Explanation:

Money received by a school for organising annual school function is a revenue receipt.