Question

Which of the following is not a revenue receipt? *

1 point

a) Donation for tournament

b) Government Grants

c) Subscription

d) Entrance Fees​

Answer 1

Answer:

a. donation for tournament

Answer 2

Answer:

a) Donation for tournament

Explanation:

Donation of a specific purpose is treated as captial recipts.

We will be aslo be confused regarding option-b  

Goverment grants are differed revenue expenditure n the financial statements. This income is recognized gradually in the profit and loss account over the useful life of an asset or say in the proportion of depreciation on such asset.

Subscription and Entrance Fees​ can be ruled out as they are revenue receipts.