2.
Which of the following is not a revenue receipt ?
(A) Donations for Tournament
(B) Government Grants
(C) Subscriptions
(D) Entrance Fees
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(A) Donations for Tournament is not a revenue receipt.
- A revenue receipt can be described as funds that are received by the main business of a company. A revenue receipt increases the overall revenue for a company.
- Donations of a tournament will decrease the revenue or is on the debit side. Hence, option (A) is not a revenue receipt.
- All other options, increase the overall revenue and are on the credit side. Hence, they are all revenue receipt.
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