Accountancy, asked by heena23917, 4 months ago

(D) Capital Fund
Subscription received by a school for
organising annual function is treated as :
Capital Receipt (i.e., Liability)
Revenue Receipt (i.e. Income)
(C) Asset
(D) Earned Income
TB)

Answers

Answered by sangeeta9470

0

Answer:

It's revenue receipt (income)

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