Accountancy, asked by ashmidev007, 6 months ago

If a General Donation of huge amount is received by a school, that donation is treated as :
(A) Revenue Receipt (Income)
(B) Capital Receipt (Liability)
(C) Assets
(D) Earned Income

Thanks Siddharthtiwari​

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Answers

Answered by dan6686
3

Answer:

I think oh sorry b

it's helpful for you

Answered by rakeshkumar6450
1

Answer:

B:- Capital receipt (Liability)

Explanation:

In non-profit organizations, the Capital Funds are accumulated along with capital Receipts and receipts that are capitalized by further increasing the surplus or decreased by the deficit, during the year.

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