Question : If there is a tournament Fund, then Match Expenses are transferred to
Option 1: Income and Expenditure A/c.
Option 2: Assets side of Balance Sheet.
Option 3: Match Fund in Liabilities side of Balance Sheet.
Option 4: Both Income and Expenditure A/c and to Balance Sheet.
Answer (1)
21st Jan, 2024
Correct Answer: Income and Expenditure A/c.
Solution :
The answer is
Income and Expenditure A/c
If there is a Tournament fund, then Match Expenses are transferred to Income and Expenditure A/C because there is no Fund For Matches live Match Fund.
Hence, the correct option is 1.
Comments (0)
Related Questions
Trending Articles/News
