Question :
As all other business concerns be its sole proprietorship or partnership have capital, a not-for- profit organisation has:
Option 1:
capital fund
Option 2: general fund
Option 3: any of these
Option 4: none of these
Answer (1)
22nd Jan, 2024
Correct Answer: any of these
Solution : For a not-for-profit organisation, a capital fund or general fund is like the capital of a sole proprietorship. Hence, the correct option is 3.
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