Land donated by neighbor is Option 1: Legacy Option 2: Special receipts Option 3: General Receipts Option 4: Capital Fund

The answer is 'Legacy'. View full solution:

CUET Accountancy - Land donated by neighbor is | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Financial Statements

Medium

Legacy

Special receipts

General Receipts

Capital Fund

✅ Correct Option: 1

Related questions:

29 May Shift 2

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -

16 May Shift 1

Arrange the given items in proper order

(A) Finance cost

(B) purchase of Stock in Trade

(D) Employee Benefit Expenses

Choose the correct answer from the options given below:

11 June Shift 3

Intangible assets should be recognised by fulfilling the criteria as recognised under :