Question : If there is a Match Fund then Match expenses and Income are transferred to
Option 1: Assets side of balance sheet
Option 2: Income and Expenditure A/c
Option 3: Liabilities side of Balance sheet
Option 4: Both Income and Expenditure A/c and Balance sheet
Answer (1)
17th Jan, 2024
Correct Answer: Liabilities side of Balance sheet
Solution : If there is a Match Fund then Match expenses and Income are transferred to the Liabilities side of the Balance sheet. Hence, the correct option is 3.
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