Question :
Which of the following will appear on the debit side of Receipts and Payments Account?
Option 1:
Purchase of furniture
Option 2:
Honorarium paid
Option 3:
Life membership fee received
Option 4: All of these

Question

Question :

Which of the following will appear on the debit side of Receipts and Payments Account?

Option 1:

Purchase of furniture

Option 2:

Honorarium paid

Option 3:

Life membership fee received

Option 4: All of these

Team Careers360 · Accepted Answer

Correct Answer:

Life membership fee received

Solution : Any income received in cash will come in the debit side of Receipts and Payments Account. For example, life membership fee, etc. Hence, the correct option is 3.

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Question : Which of the following will appear on the debit side of Receipts and Payments Account?Option 1: Purchase of furnitureOption 2: Honorarium paidOption 3: Life membership fee receivedOption 4: All of these

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Question :
Which of the following will appear on the debit side of Receipts and Payments Account?
Option 1:
Purchase of furniture
Option 2:
Honorarium paid
Option 3:
Life membership fee received
Option 4: All of these

Question :
Receipts and Payments Account does not include

Question :
General donations are treated as:

Question :
Which of the following is not a feature of a

Question :
Which of the following will appear on the debit

Question :
An account akin to Profit and Loss Account in