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In non-profit accounting, the sale of old newspapers is generally considered as A) Expenses B) Expenditure C) Income D) Capital receipt

Accounting
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Question added by George Caesar- Cert CII®, IFCE® , Marketplace Manager -eCommerce , Saudi Company for Hardware - SACO
Date Posted: 2015/03/09
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Asha Kanta Sharma
by Asha Kanta Sharma , Team Leader Finance , Opendoors Fintech Private Limited

It is an Income for the organisation. 

 

Option C) INCOME

RAJESH DESHKULKARNI GOPAL
by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

I hope that, it's Income from non-operations or considered as OTHER INCOME under P&L

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