In non-profit accounting; selling old newspapers is classified as
In non-profit accounting; selling old newspapers is classified as
A: Capital expenditure
B: Revenue expense
C: Capital receipt
D: Revenue income
Selling old newspapers in non-profits generates revenue income; as it’s a recurring; operational transaction. Capital expenditure and receipts involve assets; revenue expenses cover daily costs. This classification aids in understanding financial management; key for studying budgeting and sustainability in non-profit organizations.