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Answer in One Sentence Only. Which Receipts Are Called Capital Receipts? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
Which receipts are called capital receipts?

एक पंक्ति में उत्तर
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उत्तर

Those receipts, the benefits of which accrue to an organisation in the current year, as well in the years to come, are referred to as capital receipts. They are non-recurring in nature. For example, life membership fees, endowment receipts, donations and legacies etc.

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अध्याय 7: Accounts of 'Not For Profit' Concerns - Exercise 1 [पृष्ठ २२७]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 7 Accounts of 'Not For Profit' Concerns
Exercise 1 | Q 3 | पृष्ठ २२७
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