[Solved] Donation received for a special purpose:

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Q.	Donation received for a special purpose:
A.	Should be credited to Income and Expenditure Account
B.	Should be credited to separate account and shown in the Balance Sheet
C.	Should be shown on the assets side of the Balance Sheet
D.	Should not be recorded at all
Answer» B. Should be credited to separate account and shown in the Balance Sheet

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