Question: Donations received by a charitable institution for some specific purpose are taken to: A. Assets side of Balance Sheet B. Liabilities side of Balance Sheet

Donations received by a charitable institution for some specific purpose are taken to: 


A. Assets side of Balance Sheet 

B. Liabilities side of Balance Sheet

 C. Income side of Income and Expenditure Account 

D. Expenditure side of Income and Expenditure Account

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