Multiple Choice Questions on All receipts from sale of consumable items are treated as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

All receipts from sale of consumable items are treated as ........

General Accounting Principles Not for profit organisation
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    All receipts from sale of consumable items are treated as___________

    Capital Receipts 

    Incorrect Answer

    Revenue Receipts

    Correct Answer

    Both A and B

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    All receipts from sale of consumable items are considered revenue recepit because they are used in current accounting year

    By: Subhash Singh
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