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 amount.
Expenses related to a Table Tennis match, like any other sports or recreational expenses, are treated as a part of the Income and Expenditure Account. They are Debited to Income and Expenditure Account.