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Donation for Scholarship Fund is ______. - Book Keeping and Accountancy

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Question

Donation for Scholarship Fund is ______.

Options

  • Capital Receipt

  • Revenue Receipt

  • Capital Expenditure

  • Revenue Expenditure

MCQ
Fill in the Blanks

Solution

Donation for Scholarship Fund is Capital Receipt.

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Receipts and Payments Account
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Chapter 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [Page 111]

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Balbharati Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2.1 (Objective Type Questions) | Q 1. A) 2. | Page 111

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