It is the amount-paid to the person who is not the regular employee of the institution. Option 1: Wages Option 2: Honorarium Option 3: Salary Option 4: Donation

The answer is 'Honorarium'. View full solution:

CUET Accountancy - It is the amount-paid to the person who is not the regular employee of the institution. | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Easy

Wages

Honorarium

Salary

Donation

✅ Correct Option: 2

Related questions:

30 Aug Shift 2

Identify the steps in preparation of final accounts of not for profit organisation (NPO)

A. Prepare Balance Sheet of NPO

B. Prepare Income and Expenditure Account from Receipts and payment Account

C. Prepare Receipts and payment Account

D. Adjust outstanding/prepaid expenditure/Income and determine surplus/ Deficit

E. Prepare cash book

Choose the correct answer from the options given below:

11 June Shift 3

__________ is/are not true with regard to Limited liability partnership.

(A) Separate Legal entity

(B) Unlimited liability for one partner

(D) Perpetual Succession

(E) Unlimited liability of partners

Choose the correct answer from the options given below :

15 May Shift 2

Match List-I with List-II

If the partnership deed is silent regarding the items provided in List-I

Choose the correct answer from the options given below: