Question : The Difference of assets and libilities side of balance sheet of a not for profit orgination is known as :
Option 1: General Reserve
Option 2: Reserve Fund
Option 3: Capital Fund
Option 4: Capital
Answer (1)
22nd Jan, 2024
Correct Answer: Capital Fund
Solution : The difference between the assets and liabilities side of the balance sheet of a not for profit orgination is known as capital fund. Hence, the correct option is 3.
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