Accountancy, asked by ykalpanayadav2003, 5 months ago

explain the meaning and accounting treatment of endowment fund

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Answered by XxMissChocolattyxX

Answer:

An endowment fund is an investment fund established by a foundation that makes consistent withdrawals from invested capital. The capital or money in endowment funds is often used by universities, nonprofit organizations, churches, and hospitals.

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explain the meaning and accounting treatment of endowment fund ​

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explain the meaning and accounting treatment of endowment fund