Specific donation is:
A) Capital receipt
B) Revenue Receipt
C) Assets
D) Liabilities
Correct Answer:
Verified
Q9: Outstanding subscription is a:
A)Income
B)Assets
C)(a) and (b) Both
D)None
Q10: Legacies should be treated as
A)A Liability
B)A Revenue
Q11: The excess of assets over liabilities in
Q12: For a non-trading concern, honorarium paid is:
A)An
Q13: Entrance fees, unless otherwise stated, is treated
Q15: Income and Expenditure Account records transactions of:
A)Capital
Q16: Life membership fee received by a club
Q17: All receipts of capital nature are shown
Q18: All items of revenue in nature are
Q19: Which of the following is not a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents