Any donation received for a specific purpose is a_________?

Related Mcqs:

Cash purchases is recorded in which of the following specialized journals?

A. Purchase journal B. Sales journal C. Purchases return journal D. Cash payments journal...

Goods returned by customer should be debited to which of the following accounts?

A. Sales income account B. Sales account C. Return inward account D. Expenses account...

Which of these is a Part of cash in hand?

A. Postage stamps B. B/R C. Cheque Deposited with Bank D. B/R endorsed...

Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?

A. Business entity concept B. Money measurement concept C. Going concern concept D. Matching concept...

Which of these is not an essential feature of a bill of exchange?

A. Unconditional B. Certainty of amount C. In writing D. Amount to be paid in foreign currency...