Donation which is given as per will is known as
A) Special donation
B) Gift
C) Legacy
D) Secret donation
Correct Answer:
Verified
Q13: Receipts and payment accounts records all receipts
Q14: While preparing the final a accounts of
Q15: What does the balance of income and
Q16: Donation of Rs 1000 is
A)Income
B)Capital
C)Liability
D)Asset
Q17: Specific donation of Rs 1000 is
A)Income
B)Capital
C)Liability
D)Asset
Q19: Loss on sale of asset is taken
Q20: Honorarium is taken to
A)Receipts and payment account
B)Income
Q21: Honorarium is
A)Revenue income
B)Capital income
C)Revenue expenditure
D)Capital expenditure
Q22: Sales of grass in the case of
Q23: Life membership fees received by a club
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