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प्रश्न
Give four examples for capital receipts of the not-for-profit organisation.
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उत्तर
- Life membership fees
- Legacies
- Specific donation
- Sale of fixed assets
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संबंधित प्रश्न
State whether the following statement is True or False with reasons.
Receipts and Payments Account contains only the transactions relating to the current year.
Answer in one sentence only.
What is Receipts and Payments Account?
What is receipts and payments account?
From the following information, prepare the Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31st March, 2019.
| Particulars | ₹ | Particulars | ₹ |
| Opening cash balance (1.4.2018) | 11,000 | Interest and bank charges | 250 |
| Bank overdraft balance (1.4.2018) | 20,000 | Miscellaneous income | 350 |
| Stationery purchased | 5,200 | Upkeep of ground | 550 |
| Travelling expenses | 1,800 | Grant from Government | 12,000 |
| Dividend received | 3,000 | Telephone charges paid | 2,800 |
| General expenses | 500 | Endowment fund receipts | 10,000 |
| Admission fees | 4,000 | Insurance premium paid | 2,000 |
| Courier charges | 2,000 | Electricity charges paid | 5,000 |
| Municipal taxes paid | 3,000 | Closing cash balance (31.03.2019) | 1,750 |
Pick the odd one out:
Sports Star Charitable Club has income of ₹ 16,000 and 'deficit' debited to capital fund of ₹ 4,300 for the year 2019-20, then expenditure for 2019-20 is ______.
A donation received for a special purpose is a ______
A school purchased a furniture for ₹ 80,000 and spent ₹ 1,200 for carriage. The furniture should be capitalised for:
What is the correct chronological order of four civilisations of Mesopotamia
Do you agree or disagree with the following statements:
All receipts are the items of revenue income.
