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.

Question

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.

Team Careers360 · Accepted Answer

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.

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Question : If there is a tournament Fund, then Match Expenses are transferred toOption 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.

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Question : When the tournament expenses incurred are more than the tournament fund, then the excess amount is :

Question : Tournament Fund Rs. 2,00,000; Tournament Expenses Rs. 60,000; Receipts from Tournament Rs. 80,000. How are the following items shown in the financial statements of Not-for-Profit Organizations?

Question : Tournament Fund Rs. 2,00,000; Tournament Expenses Rs. 60,000; Receipts from Tournament Rs. 80,000. How are the following items shown in the financial statements of Not-for-Profit Organizations?

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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.

Question : Tournament Fund Rs. 2,00,000; Tournament Expenses Rs. 60,000; Receipts from Tournament Rs. 80,000.
How are the following items shown in the financial statements of Not-for-Profit Organizations?

Question : Tournament Fund Rs. 2,00,000; Tournament Expenses Rs. 60,000; Receipts from Tournament Rs. 80,000.
How are the following items shown in the financial statements of Not-for-Profit Organizations?