Which of the following should be considered a Capital receipt for the NPO?
Answer & explanation
Correct answer: option 2
The sale of Furniture is a capital receipt because it is a fixed asset. Besides this, all are revenue receipts.
Which of the following should be considered a Capital receipt for the NPO?
Correct answer: option 2
The sale of Furniture is a capital receipt because it is a fixed asset. Besides this, all are revenue receipts.