How would you treat Table Tennis match expenses of ₹40,000 (assuming that no other information is given):
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Debited to Income and Expenditure Account
There is no specific fund for table tennis matches, so the match expenses are an ordinary revenue expense of the year, shown on the debit side of the Income and Expenditure Account.
Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.
NCERT (Pre-rationalised edition):
NCERT (Pre-rationalised edition):
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