Question

If a general donation of smaller amount is received by a school, that donation will be shown on ______.

विकल्प

• Liability side

• Asset side

• Debit side of Receipts and Payments Account

• Credit side of Receipts and Payments Account

Answer 1

If a general donation of smaller amount is received by a school, that donation will be shown on debit side of receipts and payments account.