Question :
Which of the following will appear on the debit side of Receipts and Payments Account of Grand Club?
Option 1:
Loss on sale of furniture
Option 2:
Subscription received
Option 3:
Insurance premium paid
Option 4: All of these
Correct Answer:
Solution : Subscription received will appear on the debit side on Receipts and Payments Account. Hence, the correct option is 2.
Receipts and Payments Account does not include
General donations are treated as:
Which of the following will not appear in Income
Which of the following is not a feature of a
Which of the following will appear on the debit
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