Legacies are a of a non-profit organisation.

revenue receipt

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capital receipt

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revenue expenditure

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capital expenditure

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Solution

The correct option is B capital receipt
Legacies are a capital receipt as not received from routine activities of the non-profit organisation.

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Similar questions

Do we show legacies in income and expenditure account?

Expenditures greater than incomes of a non-profit organization give rise to a ___

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