CUET Preparation Today
Which of the following is/are correct? |
Specific Donation is a revenue receipt. General Donation is a capital receipt. Both 1 and 2 are correct. Both 1 and 2 are incorrect |
Both 1 and 2 are incorrect |
Specific Donation is a capital receipt and is shown in liability side while the general donation is revenue receipt and shown in Income and Expenditure statement. |
