Question

Complete the following sentence.

______ is the amount paid to the person who is not a regular employee of the institution.

Options

• Endowment Fund

• Special Funds

• Payments of Honorarium

• None of these

Answer 1

Payments of Honorarium is the amount paid to the person who is not a regular employee of the institution.

Explanation:

It is the compensation paid to someone who is not a regular employee of the organization. An honorarium is a payment made to an artist in exchange for a performance at the dub. This honorarium payment is shown on the expense side of the Income and Expenditure Account.