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Home > Pms Model Paper 2021 Bs 17 > Question

In accounting of non-profit organizations, the sale of old newspapers is generally considered as:

0
A) Revenue expense
B) Capital receipt
C) Revenue income
D) Capital expenditure

Correct Answer: C) Revenue income

For a non-profit organization, selling old newspapers is a routine and recurring activity, hence the proceeds are classified as revenue income.

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