Payment of Honorarium is shown on __________ side of __________ A/c.

Expenditure, Income and Expenditure A/c

The correct answer is Option (1) - Expenditure, Income and Expenditure A/c.

Honorarium is the amount paid to the person who is not the regular employee of the institution. Payment to an artist for giving performance at the club is an example of honorarium. This payment of honorarium is shown on the expenditure side of the Income and Expenditure Account.