Question 21 of 48
Q.Donation received for a specific purpose is ________.
(a) Revenue expenditure
(b) Revenue receipt
(c) Capital expenditure
(d) Capital receipt
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
44% · 21/48 Questions
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In the Tamil Nadu HSC Class-12 Accountancy syllabus, donations to a not-for-profit organisation are of two kinds:
- General donation of a small/recurring amount → treated as revenue receipt, credited to the Income and Expenditure Account. …
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