Any expenditure relating to special fund is deducted from the special fund (True or False) - Accountancy - Accounting for Not-for-Profit Organisation

Question

Any expenditure relating to special fund is deducted from the
special fund (True or False)

Mohit · Accepted Answer

Dear Student,
Here is your answer

Ans True, Any expenditure relating to special fund
is deducted from the special fund

Example: If there is a Sports fund, and there are
expenses related to sports then it should be deducted from the
Sports Fund in the Balance sheet to the extent of sport fund
available

Regards

Any expenditure relating to special fund is deducted from the special fund. (True or False)