Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

Which of the following is not a Capital Receipt for a NPO?

Options:

Life membership Fees

Donation for a building

Sports expenses

None of the above

Correct Answer:

Sports expenses

Explanation:

Entrance fees is a revenue receipt while Life membership fees and donation for a building are Capital Receipts.