Multiple Choice Questions on If a general donation of smaller amount is received by a school that donation will be shown in ........ for Commerce 12th Preparation

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Multiple Choice Questions

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

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

Liability Side

Incorrect Answer

Asset Side

Incorrect Answer

Debit side of Receipt and Payment A/c

Correct Answer

Credit side of Receipt and Payment A/c

Incorrect Answer
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Explanation:

Debit side of Receipt and Payment A/c

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