Question

Complete the following sentence.

"______ donations are to be utilized to promote the general purpose of the organization".

Options

• Specific Donations

• General Donations

• Both

• None of these

Answer 1

"General Donations donations are to be utilized to promote the general purpose of the organization".

Explanation:

Such contributions will be used to further the organization's overall mission. These are classified as revenue receipts since they represent a consistent source of income, so they are added to the income side of the current year's Income and Expenditure Account.