The excess of total assets over total liabilities of a 'Not for Profit' Concern. Answer in a word / phrase / term.
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The excess of total assets over total liabilities of a 'Not for Profit' Concern.⤵️⤵️⤵️⤵️
Business Surplus.
The excess of total assets over total liabilities of a 'Not for Profit' Concern.⤵️⤵️⤵️⤵️
Business Surplus.
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The excess of total assets over total liabilities of a 'Not for Profit' Concern is known as capital fund.
* It is alternatively termed as general fund.
* It is considered to be equivalent to the capital account in profit making organisations.
* This can be calculated by deducting the total value of liabilities from the assets. A similar method is followed while calculating the capital in any business organisation as well.
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