The amount of ‘Entrance Fees’ received by a Non-profit organisation (if it is received regularly) is shown in which of the following?
A. Liability side of Balance Sheet
B. Assets side of Balance Sheet
C. Debit side of Income and Expenditure Account
D. Credit side of Income and Expenditure Account
Answer:D
The amount of ‘Entrance Fees’ received by a Non-profit organisation (if it is received regularly) is shown in which of the following?
A. Liability side of Balance Sheet B. Assets side of Balance Sheet C. Debit side of Income and Expenditure Account D. Credit side of Income and Expenditure Account