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  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-4

  • question_answer
    If there is a sports fund appearing in the balance sheet, then expenses incurred on sports activities will be shown on the debit side of income and expenditure account. Justify.

    Answer:

    As sports fund is a special fund of capital nature, so the expenses incurred on sports activities will be deducted from sports fund in the balance sheet.


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