Question : Grant received from the Government for a specific purpose is restricted to be used for the purpose it is granted is known as
Option 1: Government Grant
Option 2: Capital Fund
Option 3: General Fund
Option 4: None of the above
Correct Answer: Government Grant
Solution : Grant received from the Government for a specific purpose is restricted to be used for the purpose it is granted. A grant acquired from the Government for a distinct purpose, limited to its designated use, is termed a "Government Grant." These funds are dedicated solely to the intended project or program outlined in the grant agreement. Hence, the correct option is 1.
Question : ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.
Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.
Question : Kavya ltd. prepared budget in its Annual general meeting for the year 2016-17. What kind of plan is it?
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