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a) Loss
b) Expenses
c) Revenue receipt
d) Casual receipt
Endowment fund receipt is normally associated with Non-Profit Organisations.
It is not its normal operating income stream true.
Most endowments are designed to keep the principal amount intact while using the investment income from dividends for charitable efforts.
Understanding the above, then the answer must be ..............................
D) Casual Receipt.
d) Casual receipt, since its not part of the normal operations of the company
My answer is option D- Casual Receipt.
The correct option is >>>>>>>>>>>>>>>> (D)
Receipt of endowment fund is not generated by the business operations. It's a rare/occasional receipt which is used for supporting regular business income to provide stability in income.
Endowment Fund is normally linked to Non Profit organizations. From the options given, option D i.e Casual Receipt is correct.
I would like to say the option D is the right answer.
I think it depends on operations of the Company.
For those companies doing purely non profit business like NGO may be revenue receipts.
For those companies doing part time business from endowment fund will be Casual receipt.
THANKS FOR INVVITING
Endowment fund receipt is traded as d) Casual Receipt
That is
d) Casual receipt
I don't know! this is new information for me.
thanks for asking.
