The accumulated fund for a not-for-profit making organiza...
The accumulated fund for a not-for-profit making organization is
Capital + liabilities
Assets - liabilites
Assets + liabilites
Assets - liabilities + capital
Correct answer is B
The capital of a non-profit making organization is known as Accumulated fund. It is calculated as: Accumulated fund = Total assets - Total liabilities.
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Where there is provision for depreciation, fixed asset is shown in the balance sheet at i. c...