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The amount of 'Entrance Fees' received b...

The amount of 'Entrance Fees' received by a Non-profit organisation (if it is received regularly) is shown in which of the following?

A

A - Liability side of Balance Sheet

B

B - Assets side of Balance Sheet

C

C - Debit side of Income and Expenditure Account

D

D - Credit side of Income and Expenditure Account

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The correct Answer is:
D
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