State the accounting treatment of Endowment Fund in financial statement of a public hospital.
(
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Shift 01/06/2023 8:30 AM - 11:30 AM
A
Debited to Income and Expenditure A/c
B
Credited to Income and Expenditure A/c
C
Shown on Liabilities side of Balance sheet
D
Shown on Assets side of Balance sheet
Correct Answer
Shown on Liabilities side of Balance sheet
Detailed Explanation
NOTE AS PER NTA THE ANSWER TO THIS QUESTION IS (3)
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