Specific Donation received by NPO is shown in the
A. Credit side of Income and Expenditure Account,
B. Debit side of Income and Expenditure Account
C. Liabilities side of Balance Sheet.
D. As is decided by the management.
Answer:C
Specific Donation received by NPO is shown in the
A. Credit side of Income and Expenditure Account, B. Debit side of Income and Expenditure Account C. Liabilities side of Balance Sheet. D. As is decided by the management.