In case specific fund is maintained, the expenses exceeding the amount of the funds, should be

recorded on—

Question

In case specific fund is maintained, the expenses exceeding the amount of the funds, should be

recorded on&mdash;

TuteeHUB · Accepted Answer

Credit side of the Income and Expenditure Account

TuteeHUB · Answer

Liabilities side of the Balance Sheet

TuteeHUB · Answer

Debit side of the Income and Expenditure Account

TuteeHUB · Answer

Assets side of the Balance Sheet

1.	In case specific fund is maintained, the expenses exceeding the amount of the funds, should be recorded on—
A.	Liabilities side of the Balance Sheet
B.	Debit side of the Income and Expenditure Account
C.	Credit side of the Income and Expenditure Account
D.	Assets side of the Balance Sheet
Answer» C. Credit side of the Income and Expenditure Account

Discussion