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From the following which item is not entered in the Income and Expenditure Account? -

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Question

From the following which item is not entered in the Income and Expenditure Account?

Options

  • Locker's Rent

  • National Certificates

  • Entrance Fees

  • Donations

MCQ

Solution

National Certificates

Explanation:

In the Balance Sheet, National Certificates are listed.

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Preparation of Income and Expenditure Account
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