Multiple Choice Questions on Subscription received by a school for organising annual function is treated as ........ for Commerce 12th Preparation

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Multiple Choice Questions

Subscription received by a school for organising annual function is treated as ........

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    Subscription received by a school for organising annual function is treated as:

    Capital Receipt (i.e., Liability)

    Correct Answer

    Revenue Receipt {i.e., Income)

    Incorrect Answer

    Asset

    Incorrect Answer

    Earned Income

    Incorrect Answer
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    Explanation:

    Capital Receipt (i.e., Liability)

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