Question

Analysis of the school college transactions into revenue and capital receipts & revenue& capital expenditure project aims and objectives

Answer 1

Answer:yes

Explanation:

Schools usually have these transactions.

Revenue expenditure:

Purchase of bus, chairs, black board, pen, pencil, water, Salaries, benches etc.

Revenue receipts:

School admission fees, tuition fees.

Capital expenses:

School sold bus at profit and should pay capital gains tax on profits. Then school inherited another building, it has to pay tax on it as well.

Capital receipts:

Raising equity or loans.