Vidyalelo
Commerce · Q2501

Accounting

Graduate and Post Graduate · Commerce · question 2501

Q2501

In case a sports fund is kept expenses on account of sports events should be:

A.
charged to sports fund
Answer
B.
charged to the income and expenditure account
C.
Taken to the balance sheet on the asset side
D.
Taken to the balance sheet on the liability side

Answer: Option A

Solution

Answer: Option A
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