Question

identify the capital receipts and revenue receipts from the following items of a not for profit organisation
i) sale of old newspaper
ii) donation for building
iii) sale of old assets
iv) subscription from members ​

Answer 1

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i) Sale of old newspaper => Revenue Receipts

ii) Donation for building => Capital Receipts

iii) Sale of old assets => Revenue Receipts

iv) Subscription from members => Revenue Receipts (Current year only)