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  • Partnership and Not-for-Profit Accounting
  • Donation received is shown in receipts and payments A/c on
Multiple choice

Donation received is shown in receipts and payments A/c on

  1. debit side

  2. credit side

  3. assets side

  4. liability side

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

Since the donation received is incoming of cash and the cash that comes in is, shown in debit side of receipts and payments A/c.

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