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Endowment fund receipt is traded as-

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Question added by Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date Posted: 2015/02/25

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.

Ezzidin Ibrahim
by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

d) Casual receipt, since its not part of the normal operations of the company

Answer D is right . Casual receipt 

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

My answer is option D- Casual Receipt.

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

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.

Syed  Muntazir
by Syed Muntazir , Accountant , AL BARAKAH DATES FACTORY LLC

Endowment Fund is normally linked to Non Profit organizations. From the options given, option D i.e Casual Receipt is correct.

Hany Sabry
by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E)

I would like to say the option D is the right answer.

Muhammad Javed ACA
by Muhammad Javed ACA , Chief Audit Executive , Leejam Sports Company

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

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

That is

d) Casual receipt

Waqayan Al Waqayan
by Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

I don't know! this is new information for me.

thanks for asking.

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