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Commerce · Q2269

Accounting

Graduate and Post Graduate · Commerce · question 2269

Q2269

Which of the following items should not be entered in Receipts and Payments Account of a club:

A.
Sale of old newspaper
B.
Loss on the sale of used asset
Answer
C.
Payment of honorarium
D.
Realisation from the sale of furniture

Answer: Option B

Solution

Answer: Option B
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