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If a general donation of smaller amount ...

If a general donation of smaller amount is received by a school, that donation will be shown in :

A

Liability side

B

Asset Side

C

Debit side of Receipt and Payment A/c

D

Credit side of Receipt and Payment A/c

Text Solution

Verified by Experts

The correct Answer is:
C
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  15. How much amount will be shown in Income and Expenditure Account in the...

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  16. If a General Donation of huge amount is received by a school, that don...

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  17. If a general donation of smaller amount is received by a school, that ...

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  18. Out of the following items, which one is shown in the 'Receipts and Pa...

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  19. Out of the following items, which is shown in the 'Receipts and Paymen...

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  20. Out of the following items, which is shown in the 'Receipts and Paymen...

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