Question : ----------------- is a fund earmarked for investment in fixed assets or already invested in fixed assets. An example of a Fixed Assets Fund is a Building Fund & Amount invested in fixed assets during the year is transferred to a Capital Fund.
Option 1: Capital fund
Option 2: Fixed assets fund
Option 3: Endowment Fund
Option 4: None of the above
Answer (1)
20th Jan, 2024
Correct Answer: Fixed assets fund
Solution :
Fixed Assets Fund is a fund earmarked for investment in fixed assets or already invested in fixed assets. Example of Fixed Assets Fund: Building Fund & Amount invested in fixed assets during the year is transferred to Capital Fund.
Hence, the correct option is 2.
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