Question

3. Donation can be
(a) general donation
(b) specific donation
(c) Both (a) and (b)
(d) None of the above​

Answer 1

(a) GENERAL DONATION

If any specific name is given then only it will be treated as Specific Donation ( for e.g. - Donation for Building ) . Since here only DONATION word is mentioned so it will be General Donation and is credited to Income and Expenditure A/c