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  • Accounting for Non-profit Organisations
  • Which of the following is considered a capital nature tra...
Multiple choice

Which of the following is considered a capital nature transaction for non-profit organisations?

  1. Legacy

  2. Honorarium

  3. Entrance fees not capitalised

  4. Stationery consumed during year

  5. Grant from the government

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Legacy is received as per the will of deceased persons and normally, it is treated as capital receipt.

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