Question

Which of the Following Is Not a Revenue Receipt?

• A. Donations for Tournament
• B. Donations for Tournament
• C. Subscriptions
• D. Entrance Fees

Answer 1

The correct option is A

Donations for Tournament

Answer: A. Donations for tournament

A donation for the tournament is regarded as a capital receipt. Therefore, it cannot be a revenue receipt.

Also read:

• Difference Between Capital Expenditure and Revenue Expenditure
• Income and Expenditure Account

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