Question

income and expenditure relating to special funds should not be dealt with in the income

and expenditure account. (True/False)​

Answer 1

Answer:

True

Explanation:

Income or expenses concerning specific funds should be added or deducted from those funds in balance sheet only

Answer 2

Answer:

true

Explanation:

Income & expenses concerning specific funds should be added or deducted from those funds in balance sheet only.