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  • Accounting for Non-profit Organisations
  • The amount received by non-profit organisations under wil...
Multiple choice

The amount received by non-profit organisations under will from a deceased person is called

  1. subscription

  2. life membership fees

  3. legacy

  4. endowment fund

  5. donation

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is the correct answer. The amount paid by a deceased partner is called legacy.

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