| A. |
In case of life membership fees, if it is amortised over a period of time, a separate life membership fund is created.
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| B. |
If the amount of general donation is very large, it can be treated as a capital receipt.
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| C. |
If the amount of legacy is small, it can be credited to income and expenditure account.
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| D. |
The gift is not a restricted fund from the point of view of organisation.
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Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
