Entrance fee of Rs. 20,000 received by a club is a _____________.

capital receipt

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revenue receipt

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capital expenditure

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revenue expenditure

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Solution

The correct option is B capital receipt
Clubs normally charge two kind of fee. Entrance fee and yearly contribution.
Entrance fee is part of capital receipt and yearly contribution is revenue receipt.

Entrance fee of Rs.20000 received by a club is a capital receipts.

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Entrance fee of Rs. 20,000 received by a club is a _____________.

The correct option is B capital receiptClubs normally charge two kind of fee. Entrance fee and yearly contribution. Entrance fee is part of capital receipt and yearly contribution is revenue receipt. Entrance fee of Rs.20000 received by a club is a capital receipts.

The correct option is B capital receipt
Clubs normally charge two kind of fee. Entrance fee and yearly contribution.
Entrance fee is part of capital receipt and yearly contribution is revenue receipt.

Entrance fee of Rs.20000 received by a club is a capital receipts.