Which of the following is/are correct?
Answer & explanation
Correct answer: option 4
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.
Which of the following is/are correct?
Correct answer: option 4
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.