Which of the following should be conside

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

Which of the following should be considered a Capital receipt for the NPO?

Options:

Sale of Newspaper

Sale of Furniture

Donation of general nature

Sale of bar items

Correct Answer:

Sale of Furniture

Explanation:

The sale of Furniture is a capital receipt because it is a fixed asset. Besides this, all are revenue receipts.