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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Answered by
3
Answer:
I think oh sorry b
it's helpful for you
Answered by
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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