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Question
If there is a 'Match Fund', then match expenses and incomes are transferred to ______
Options
Income and Expenditure Account
Assets side of Balance Sheet
Liabilities side of Balance Sheet
Both Income and Expenditure Account and Balance Sheet
MCQ
Fill in the Blanks
Solution
If there is a 'Match Fund', then match expenses and incomes are transferred to the Liabilities side of the Balance Sheet.
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Preparation of Income and Expenditure Account
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