The term used to denote the capital of a not-for-profit m...
The term used to denote the capital of a not-for-profit making organization is
Annuity fund
Nominal capital
Circulating capital
Accumulated fund
Correct answer is D
An accumulated fund is the capital fund of a nonprofit organization. Money is directed into the accumulated fund when revenues are greater than expenditures and there is a budgetary surplus.
Which of the following is shown in the profit and loss appropriation account of a company? ...
Receipts and Payment Account (Extract) &nbs...
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
Use the information below to answer this question. \(\begin{array}{c|c} \text{Stock} & 11,250...
The imprest account is subsidiary to the ...
\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accoun...