Any donation received a specific purpose is an ________.LiabilityAssetsRevenue receiptsCapital receipts (2024)

You visited us 0 times! Enjoying our articles? Unlock Full Access!

A

Capital receipts

B

Revenue receipts

D

Assets

Open in App

Solution

Verified by Toppr

Donation received by the non profit organization is a receipt and should be recorded in receipt and payment account.

A donation which is received as normal course without any specific condition, is considered as revenue receipt.

A donation which is received for a specific purpose is a capital receipts. This has to be utilized only for the specific purpose. This is a capital receipt.

Was this answer helpful?

Any donation received a specific purpose is an ________.LiabilityAssetsRevenue receiptsCapital receipts (2024)
Top Articles
Profit Share Vs. Equity Share
How to Install Google Chrome on Android TV
Hotel Hollywood Beach Golf Resort, USA - www.trivago.co.uk
Hollywood Hotels | Find and compare great deals on trivago
Latest Posts
AWS Salary in India in 2023 [For Freshers & Experienced] | upGrad blog
Opening a bank account for a minor child? Check age rules and important watchouts
Article information

Author: Kerri Lueilwitz

Last Updated:

Views: 6280

Rating: 4.7 / 5 (47 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Kerri Lueilwitz

Birthday: 1992-10-31

Address: Suite 878 3699 Chantelle Roads, Colebury, NC 68599

Phone: +6111989609516

Job: Chief Farming Manager

Hobby: Mycology, Stone skipping, Dowsing, Whittling, Taxidermy, Sand art, Roller skating

Introduction: My name is Kerri Lueilwitz, I am a courageous, gentle, quaint, thankful, outstanding, brave, vast person who loves writing and wants to share my knowledge and understanding with you.