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State with reasons whether the following...

State with reasons whether the following statements are TRUE or FALSE:
If there appears a sports fund, the expenses incurred on sports activities will be shown on the debit side of Income and Expenditure Account.

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False. If there seems a sports fund, the expenses incurred on sports activities are going to be subtracted from the sports fund. If there seems any fund several incomes/expenses can added/deducted from the several fund.
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