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Question
If there is no 'Match Fund', then match expenses are transferred to:
Options
Income and Expenditure Account
Assets side of Balance Sheet
Liabilities side of Balance Sheet (Deducted from Match Fund)
Debit side of Income and Expenditure Account
MCQ
Solution
Debit side of Income and Expenditure Account
Explanation
Match expenses are shifted to the debit side of the Income and Expenditure Account if there is no Match Fund.
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Preparation of Income and Expenditure Account
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