Question

Donation received for construction of Building of a school:
(a) should be credited to Income and Expenditure Alc
(b) should be credited to a separate account and shown in th
(c) should be shown in the Assets side of the Balance Sheet.
(d) should not be recorded.​

Answer 1

Answer:

not all the above

Explanation:

It will be shown in liabilies side of balance sheet

Answer 2

Answer:

not all the above

Explanation:

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