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

General Accounting Principles Not for profit organisation

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

Liabilities side of the Balance Sheet

Debit side of the Income and Expenditure Account

Credit side of the Income and Expenditure Account

Assets side of the Balance Sheet

Debit side of the Income and Expenditure Account

Submit Error