Question : ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.
Option 1: Restricted Fund
Option 2: General fund
Option 3: Capital Fund
Option 4: None of the above
Answer (1)
12th Jan, 2024
Correct Answer: Restricted Fund
Solution :
Restricted Funds
are the funds which have been constituted for some specific purpose. The use of such funds is restricted either by the management or by the donor for some specified purpose.
Hence, the correct option is 1.
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