Multiple Choice Questions on The amount received for sale of old sports materials by a Non profit organisation is shown in which ........... for Commerce 12th Preparation

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Multiple Choice Questions

The amount received for sale of old sports materials by a Non profit organisation is shown in which ...........

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The amount received for sale of old sports materials by a Non-profit organisation is shown in which of the following?

Debit side of Income and Expenditure Account

Incorrect Answer

Liability side of Balance Sheet

Incorrect Answer

Credit side of Income and Expenditure Account

Correct Answer

Assets side of Balance Sheet

Incorrect Answer
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Explanation:

Credit side of Income and Expenditure Account

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