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Select the item that does not appear in the Receipt and Payment account of a Not-for-Profit Organisation.
Question

Select the item that does not appear in the Receipt and Payment account of a Not-for-Profit Organisation.

A.

Sale of machinery for cash

B.

Subscription received

C.

Loss on sale of furniture

D.

Payment to creditors

Correct option is C

Loss on sale of furniture does not appear in the Receipt and Payment account of a Not-for-Profit Organization. This account records actual cash receipts and payments, and loss on sale is a non-cash item.

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CUET 2025 English Language Mock 01

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