Accountancy, asked by Dollyhazarika06, 9 months ago

what is capital fund?

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Answered by Anonymous

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In case of Not-for-profit organisation, Capital fund can be considered as excess of its assets over its liabilities. Any surplus or deficit ascertained from Income and Expenditure account is added to (deducted from ) the capital fund. This is termed as Accumulated Fund.✌✌

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