Welcome to the NCERT Solutions for Class 12 Accountancy - Chapter Accounting for Not-for-Profit Organisation. This page offers a step-by-step solution to the specific question from Exercise 3, Question 7: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
What is Capital Fund? How is it calculated?
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 an Accumulated Fund.
Calculation of Capital Fund
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Read MoreWelcome to the NCERT Solutions for Class 12 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 3 , Question 7: What is Capital Fund? How is it calculated?....
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If capital fund at beg is not given in the qstn ......??
If capital fund at beg is not given in the qstn ......??