Question

Specific donation is: (a) Capital Receipts (b) Revenue Receipts (c) An assets (d) None of these

Answer 1

Answer:

Specific donation is:

(a) Capital Receipts

(b) Revenue Receipts✔

(c) An assets

(d) None of these

Answer 2

The answer is 'a) capital receipts.'

• Specific donations are called the name of capital receipts.

• These donations are provided for specific purposes and need to be utilized for them only.

• These donations are received by non-profit organizations for special purposes.

• Revenue receipts refer to donations for general purposes.

• Asset refers to the capital of the organization which is used to produce an economic profit.

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