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
Answers
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..
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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