Identify the term that is used to show the amount received as per the will of a deceased person. Option 1: Specific Donations Option 2: Life membership fees Option 3: Subscription Option 4: Legacies

The answer is 'Legacies'. View full solution:

CUET Accountancy - Identify the term that is used to show the amount received as per the will of a deceased person. | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Financial Statements

Easy

Specific Donations

Life membership fees

Subscription

Legacies

✅ Correct Option: 4

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