Question :
A club maintains 'Match Fund', then all the expenses related to match will be:
Option 1: Debited to Income and Expenditure Account
Option 2: Shown on asset side of Balance Sheet
Option 3: Shown as a deduction from match fund on liabilities side of Balance Sheet
Option 4: None of these

Question

Question :

A club maintains 'Match Fund', then all the expenses related to match will be:

Option 1: Debited to Income and Expenditure Account

Option 2: Shown on asset side of Balance Sheet

Option 3: Shown as a deduction from match fund on liabilities side of Balance Sheet

Option 4: None of these

Team Careers360 · Accepted Answer

Correct Answer: Shown as a deduction from match fund on liabilities side of Balance Sheet

Solution : All the income and expenses of special receipts will be added and deducted from its fund. Hence, the correct option is 3.

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Question : A club maintains 'Match Fund', then all the expenses related to match will be:Option 1: Debited to Income and Expenditure AccountOption 2: Shown on asset side of Balance SheetOption 3: Shown as a deduction from match fund on liabilities side of Balance SheetOption 4: None of these

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Question :
A club maintains 'Match Fund', then all the expenses related to match will be:
Option 1: Debited to Income and Expenditure Account
Option 2: Shown on asset side of Balance Sheet
Option 3: Shown as a deduction from match fund on liabilities side of Balance Sheet
Option 4: None of these

Question :
Yoga Club collected life membership fees of

Question :
How would the following items be shown in the

Question :
Delhi Sports club has sports fund investment Rs.

Question :
How would the following items be shown in the case of a not-for- profit

Question :
Which of the following will appear on the asset