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      Question

      Specific Donations are shown on the ______ whereas

      General Donations are taken on the ________.
      A liabilities side of the Balance Sheet; income side of the Income & Expenditure Account Correct Answer Incorrect Answer
      B income side of the Income & Expenditure Account: liabilities side of the Balance Sheet Correct Answer Incorrect Answer
      C income side of the Income & Expenditure Account: assets side of the Balance Sheet Correct Answer Incorrect Answer
      D assets side of the Balance Sheet: income side of the Income & Expenditure Account Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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