Tournament expenses will be shown:-

Both (1) and (2)

The correct answer is option 3- Both (1) and (2).

* Receipts are entered on the debit side of the receipts and payments account and payments are entered in the credit side of receipt and payment account. Because a receipts and payments account is a summary of actual cash receipts and payments extracted from the cash book over a certain period. In this question tournament expenses is a expense or payment, so it will be shown in the credit side of receipt and payment account.

* Tournament expenses are considered expenses for the organization or club, and they are categorized as an expenditure. Hence, they are recorded on the debit side of the income and expenditure account to reflect the reduction in the organization's net income or surplus.