Multiple Choice Questions on If a General Donation of huge amount is received by a school that donation is treated as ........ for Commerce 12th Preparation

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Multiple Choice Questions

If a General Donation of huge amount is received by a school that donation is treated as ........

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If a General Donation of huge amount is received by a school, that donation is treated as :

Revenue Receipt (Income)

Incorrect Answer

Capital Receipt (Liability)

Correct Answer

Assets

Incorrect Answer

Earned Income

Incorrect Answer
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Explanation:

Capital Receipt (Liability)

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