Question 17 of 48
Q.Give four examples for revenue receipts of Not-for-Profit organisation.
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2020Subjective· 2mImportance★★★★★
35% · 17/48 Questions
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Start your 14-day free trial to unlock the full solution →Revenue receipts of an NPO include subscriptions, general donations, interest on investments, and sale of old newspapers/sports materials.
Revenue receipts of a not-for-profit organisation are of a recurring nature and relate to the current year's activities; they are credited to the Income and Expenditure Account. Four examples:
- Annual subscriptions from members.
- General donations (small, recurring, not for a specific purpose).
- Interest or dividend on investments.
- Sale of old newspapers, grass, or old sports materials. …
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