Question

Which of the following is a revenue receipt for Not-for-Profit organisations:
(a)
Interest received on specific fund investment
(b)
Dividend received on specific fund investment
(c)
Interest received on general fund investment
(d)
Sale of investment​

Answer 1

Answer:

Which of the following is a revenue receipt for Not-for-Profit organisations:

(a)Interest received on specific fund investment ✔✔

(b)Dividend received on specific fund general

(c)Interest received on general fund investment

(d)Sale of investment

hope it helps..

Answer 2

Which of the following is a revenue receipt for Not-for-Profit organisations:

(a) Interest received on specific fund investment

(b) Dividend received on specific fund investment

(c) Interest received on general fund investment

(d) Sale of investment

The correct answer is :

(a) Interest received on specific fund investment

Explanation :

Interest received on specific fund investment is a revenue receipt for Not-for-Profit organisations.

Not-for-profit organizations mean such institutions, which work only for social welfare. The purpose of these institutions is not to be profit driven. Their main purpose is to provide services to a specific group or to the entire public.

Non-profit organizations can get interest on a specific fund, so that they can further their social work.

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