MCQOPTIONS
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MCQOPTIONS
| 1. |
Donation received for a special purpose: Sol: |
| A. | Should be credited to Income and Expenditure A/c |
| B. | Should be credited to a separate account and shown in the Balance Sheet |
| C. | Should be shown on the Assets side of the Balance Sheet |
| D. | None of these |
| Answer» C. Should be shown on the Assets side of the Balance Sheet | |