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प्रश्न
The amount of 'Entrance Fees' received by a Not-for-profit organization (if it is received regularly) is shown in which of the following?
विकल्प
Liabilities side of Balance Sheet
Assets side of Balance Sheet
Debit side of Income and Expenditure Account.
Credit side of Income and Expenditure Account.
MCQ
उत्तर
Credit side of Income and Expenditure Account.
Explanation:
The amount of 'Entry Fees' received by a Non-Profit organization (if received on a regular basis) is a revenue receipt. It appears on the income side of the Income and Expenditure Account.
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