Income from tution fee
Amount of annual prize which was given from prize account
Maps purchased for Geography
Monetary punishment received from students
Answer is Right!
Answer is Wrong!
The correct answer is A. Income from tuition fee.
Debit is an accounting term that refers to the left side of a ledger account. It is used to record increases in assets, decreases in liabilities, and expenses.
In the case of a school, income from tuition fees would be recorded as a debit in the income and expenditure account. This is because tuition fees are a source of revenue for the school, and revenue is an asset.
The other options are incorrect because they do not represent increases in assets. Option B, the amount of annual prize which
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