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For non-trading organisation honorarium is
A Capital Expenditure
A Revenue Expenditure
An Income
None of these
It is a payment of remuneration to a person who is not an employee of the organisation. Such as any special performance is done, by an outsider, at the organisation, then the payment is honorarium and is taken to Income and Expenditure Account as it is a revenue expenditure.
By: Subhash Singh ProfileResourcesReport error
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