Question

what is fund based accounting​

Answer 1

Hi Mate,

$<u><b>Fund accounting</b></u>$ is a system of accounting widely used in non-business entities, such as nonprofits, government agencies, churches, hospitals and colleges and universities. Fund accounting differs from traditional business accounting, which focuses on identifying how successful an entity has been at creating profits.

Hope This Helps You........(◕ᴗ◕✿)

Answer 2

Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments

HOPE THIS HELPS YOU