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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assume it as nil.
If capital fund at beg is not given in the qstn ......??
If capital fund at beg is not given in the qstn ......??
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