Funds raised by such Not-for-Profit organisations are credited to ________.

Capital fund

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Security reserve

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Security premium

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General fund

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Solution

The correct options are
A Capital fund
Funds raised by such Non-for-Profit organisations are credited to capital fund or general fund. The excess of assets over liabilities is treated as capital fund or general fund.

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Similar questions

Funds required for purchasing current assets is an example of

(a) Fixed capital requirement

(b) Ploughing back of profits

(d) Lease financing

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