Specific donation is -
(A) Capital Receipt
(B) Revenue Receipt
(C) Asset
(D) None of these
Answered Feb 05, 2023
Correct option is: (A) Capital Receipt
Profit on sale of the asset is debited to an asset account.
Correct option is: (B) Assets - Liabilities
Correct option is: (C) All revenue and capital receipts and payments
Correct option is: (B) Capital payment
Correct option is: (B) Appropriation
Correct option is: (B) Intangible asset
Correct option is: (B) Executor’s A/C
Correct option is: (D) Fictitious Asset
Correct option is (d) Capital
Correct option is (b) Scrap value
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