Question

2.Which of the following is capital receipt? 1 point (A) Sale of used old news papers पुराने प्रयुक्त अखबारों की बिक्री (B) Endowment Fund बंदोबस्ती कोष/ फंड (C) Subscription चंदा (D) Entrance fee प्रवेश शुल्क

Answer 1

Answer:

Endowment fund is a capital receipt because the organization receive income on permanent basis