Question

*How much amount of Tournament fund will be shown in the Liabilities side of Balance Sheet? Tournament Fund 30000, Tournament Expenses 5000, Receipts from Tournament 7500.*1️⃣ 350002️⃣ 375003️⃣ 300004️⃣ 32500​

Answer 1

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HERE IS UR ANSWER

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Tournament Fund 30000 will be shown in the Liabilities side of Balance Sheet