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.
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