Question
Suppose an NPO receives a donation of $10,000 from a
donor. The entry to record this transaction would be as follows?Solution
In accounting, credits represent the revenues or incomes earned by an organization, while debits represent the expenses or costs incurred by the organization. When a donation is received by an NPO, it is considered revenue or income for the organization, and therefore, it is recorded on the credit side of the income and expenditure account.
Meteorologists had previously forecast a historic hurricane season for 2024 based on the expectation that a strong La Niña would emerge this winter. <...
- In each sentence below four words have been printed in bold which are numbered (1), (2), (3) and (4) One of these words may be misspelt or inappropriate in...
In the question below, a sentence is given, four words have been highlighted in bold. Find out if the words are appropriate (grammatically and contextu...
Directions: In each question below, four words printed in bold type are given. These are numbered (A), (B), (C) and (D). One these words printed in bo...
1) deemocracy
2) demaucracy
3) democracy
4) demokracy
5) none of these
...The government is working towards strengthen (1) the country's infrastructure (2), with a focus on building more efficient (3) transport systems to faci...
- Select the INCORRECTLY spelt word.
In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spe...
Select the appropriate answer.
Nothing explains India’s (1)/ job creation challenge (2)/ better than a comparison (3)/ among RIL and Shahi Exports (4)/ No error (5).
