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If there is no 'Match Fund', then match expenses are transferred to: -

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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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