Question

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Answer 1

Answer:

Some financial services are fund based and others are non fund based. A fund based financial service involves credit offered by banks in the form of loans, overdrafts and other cash transactions. In a non-fund based financial service the bank does not deal with funds or cash transactions.

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Answer 2

Jai Hind

It's HindustaniBlood

Your Answer...................

Fund base accounting is a system used by nonprofit organizations and government agencies to manage their money.

Non fund based accounting is used by non profit and government organisations. It does not deal with funds or cash transactions . under this type of accounting fund is self balancing of accounts .

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Jai Hind