1. Donation: Donation appears on the receipt side of the receipts and payment Account. Donation can be for specific purposes or for general purposes.
Specific Donation: If donation received is to be utilised to achieve specified purpose, it is called specific donation. The specific purpose donation is to be capitalised and shown on the liabilities side of the balance sheet irrespective of the fact whether the amount is big or small.
General Donation: Donations are to be utilised to promote the general purpose of the organisation, it is called general donation. These are treated as revenue receipts as it is a regular source of income, hence it is taken to income side of the income and expenditure account of the current year.
2. Legacies: The amount received by a non profit organisation as perthe will of a deceased person is called legacy. It appears on the receipts side of the Receipt and Payment Account and is directly added to capital found or general fund in the balance sheet. If the legacies of a small amount may be treated as income and shown on the income side of the income and expenditure account.
3. Life membership: Fees some members prefer to pay lumpsum amount as life membership fee instead of paying periodic subscription. Such amount is treated as capital receipt and credited directly to the capital fund or general fund.
4. Endowment fund: It is a capital receipt and shown on the liabilities side of the Balance sheet as an item of a specific purpose fund.