Honorarium is taken to
A) Receipts and payment account
B) Income and expenditure account
C) Balance sheet
D) Trial balance
Correct Answer:
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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
Q18: Donation which is given as per will
Q19: Loss on sale of asset is taken
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
Q24: The system of keeping incomplete record is
Q25: The trial balance of the accounts of
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