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A charitable institution often received donations, donations may be a general donation or a specific donation. 1. General donation is a donation in which donor does not specify any condition for its use. This account of general donation is accounted as an income and credited to income and expenditure account. 2. Specific donation is a donation where the donor specifies the purpose for which the donation can be used. Specific donations are capitalised and is shown in the liability side of balance sheet. Legacy is the amount received as donation by a Not-for-profit organization under WILL of a deceased person. The donor may or may not specify conditions for its use. In case no conditions are specified it is accounted as general donation and if a specific condition is specified, it is accounted as ‘Specific donation’. In the absence of information in the above question regarding imposing any specific condition by the donor on utilisation of Donation & Legacy amount, it is assumed that they fall in category of general donation and hence will be credited to revenue account i.e., Income and expenditure account
Select the combination of letters that when placed sequentially in the blanks of the given series will complete the series.
P _ R _ T U _ W P _ R...
Select the combination of letters that when placed sequentially in the blanks of the given series will complete the series.
T __ __ O K __ __ ...
Which of the following is also known as 'Hard Booting'?
Which of the following can input graphical images and pictures for a computer?
In which of the following network topology, all devices on a network are connected to a single continuous cable?
How many symbols are immediately preceded by a number less than 6 in the given arrangement?
In the given series, which element is eleventh to the left of the seventh consonant from the right end?
In a certain code language, SHIRT is coded as RGGSU and HOUSE is coded as GNSTF. In the same code language, how will PRINT be coded as?
In the given series, how many elements are immediately preceded by a number, which is a perfect square?
The second number in the given pairs is obtained by performing some mathematical operation(s) on the first number. The same operation(s) is/are followed...
