Specific donations received will appear on ____________.

Debit side of Receipt & Payment A/c

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Asset side of the Balance Sheet

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Debit side of Income & Expenditure A/c

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Liabilities side of the Balance Sheet

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Solution

The correct option is D Liabilities side of the Balance Sheet
Specific donations are the amount received by organisaton as funding. The amount is not received for any work and hence has to be considered as a liability and to be recorded under liabilities head in the balance sheet.

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