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    • Question : Which of the following will not appear on the asset side of the Balance Sheet of a Social Club? Option 1: Honorarium Option 2: Sports fund ...
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    Question :

    Which of the following will not appear on the asset side of the Balance Sheet of a Social Club?

    Option 1: Honorarium

    Option 2: Sports fund Investment

    Option 3: Balance of cash in hand and Bank

    Option 4: Outstanding Subscription

    Team Careers360 22nd Jan, 2024
    Answer
    Answer (1)
    Team Careers360 24th Jan, 2024

    Correct Answer: Honorarium


    Solution : Honorarium paid will come on the credit side of the Receipts and Payments Account which is capital in nature. Hence, the correct option is 1.

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