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Question
Donations for specific purpose are always capitalised and it is transferred to ______, irrespective of the fact whether the amount is big or small.
Options
Assets side of the Balance Sheet
Liabilities side of the Balance Sheet
Income side of the Income and Expenditure Account
None of the above
MCQ
Fill in the Blanks
Solution
Liabilities side of the Balance Sheet
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Preparation of Income and Expenditure Account
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