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    Identify, which one of the following will be posted in the Income and Expenditure Account?
    Question

    Identify, which one of the following will be posted in the Income and Expenditure Account?

    A.

    Donation for Building

    B.

    Subscription

    C.

    Life Membership Fees

    D.

    Legacy for library

    Correct option is B

    Subscriptions are posted in the Income and Expenditure Account as they are regular income for a non-profit organization. Other options like donation for building, life membership fees, and legacy for library are typically treated as capital receipts.

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