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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Legacy is a ___________. - Accountancy

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Question

Legacy is a ___________.

Options

  • Revenue expenditure

  • Capital expenditure

  • Revenue receipt

  • Capital receipt

MCQ
Fill in the Blanks
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Solution

Legacy is a Capital receipt.

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Chapter 2: Accounts of not–for–profit organisation - Multiple choice questions [Page 70]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 2 Accounts of not–for–profit organisation
Multiple choice questions | Q I 8. | Page 70
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