Question

is it necessary that there should be capital fund in not for profit concern ? ​

Answer 1

Answer:

Capital fund is the excess of NPOs' assets over its liabilities. In other words, the excess of assets over the liabilities for a profit earning organisation is termed as capital and the same for an NPO is termed as capital fund. ... It is also termed as Accumulated Fund.

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Answer 2

Answer:

A non-profit organization keeps proper books of accounts. It aims to provide a simple and convenient calculation of items of income and expenditure and finding the correct position of assets and liabilities of the organization. Let us study the accounting treatment of capital funds and special funds.