What is a trust fund?

Q: Briefly discuss the significance of the Trust Fund Doctrine.

A: Trust fund doctrine is a principle of judicial invention which says that corporate assets are held…

Q: What is the meaning of personal finance

A: Personal Finance: Personal finance is the preparation and handling of personal financial actions…

Q: How does a trust works? Explain step by step

A: Answer: Trust is the legal entity that can allow two different parties trustor and trustee to be in…

Q: Types of Trusts?

A: The types of trusts as follows: Living trust: One of the usually shaped trust is an inter vivos…

Q: What is the difference between an enterprise fund and an internal service fund?

A: Fund: It can be defined as a sum of money that is made available or kept aside for a specified…

Q: What is the purpose of using the retained funds?

A: After paying the dividends, the company retains the remaining net income which is called addition to…

Q: = sinking fund formula, calculate the

A: Payment per month refers to the amount which a borrower should at the end of each month or period to…

Q: Define Charitable remainder trust.

A: Trust: Trust is normally created by the decent person that establishes a trust that holds the…

Q: (Trust fund) What is outright distribution? Give example or a scenario (use simple words so its…

A: A trust is created on the some specific or general purpose. Under trust, the property like assets or…

Q: which accurately describes a charitable trust? A charitable organization:

A: Charitable trusts are the organizations that are incorporated with the objective of welfare or some…

Q: Explain the distinction/s between custodial funds and trust funds. What financial statements…

A:

Q: What is the purpose of emergency fund?

A: Emergency Fund: An emergency fund is a vital corpus that must be set up in case of unforeseen…

Q: What are the characteristic of a proprietary fund? How do internal service funds and enterprise…

A: The question is based on the concept of Accounting theory

Q: Which of the following is not a fiduciary fund? a. Permanent fund b. Agency fund c. Investment trust…

A: Answer:   Option a

Q: What is the difference between a permanent fund and a private-purpose trust fund?

A: A private purpose fund refers to trust agreements where a principal or income benefits individuals,…

Q: What are the benefits of Trust fund

A: A trust fund is that legal entity that holds property on behalf of someone.

Q: What is the difference between a mutual fund and a mutual fund family?

A: Answer: Mutual funds are institutions interested in pooling small sums from different individuals…

Q: What are the uses of funds?

A: The uses of fund are as follows: Purchase of fixed asset: If fixed assets such as plant and…

Q: Define sinking fund

A: Fund: A fund is a pool of money save for a particular purpose. Those pools can be frequently…

Q: What is a private equity fund?

A: The private equity fund is defined as follows, A private equity fund is defined as the limited…

Q: Sinking Fund under Cash and Cash Equivalents?

A: Sinking Fund is a fund that contains cash which is set aside to pay off a  long term debt or bonds…

Q: How do the funds grow?

A: The major motive of every investor to grow up their investment and the following are the ways in…

Q: Can fund users (borrowers) such as corporations, raise funds through new issues of financial…

A: New issues, whether stocks or bonds, are a way for a firm to raise funds. An initial public offering…

Q: What is the electronic fund's transfer (EFT) system?

A: Todays generation is introduced to digital payments and any business whether it be large or small…

Q: What is discretionary distribution in trust fund? And Give (1) example that is easy to understand

A: A trust fund is a legal entity that holds property on behalf of some other person or some other…

Q: : What is the main objective of Balanced Unit Trust Fund?

A: Balanced unit trust fund is a diversification in financing which comprises of different sources of…

Q: How much will be in the fund a

A: Time value of money (TVM) means that the sum money received in the present will have more value…

Q: What are QTIP trusts, GRATs, and charitable remainder trusts?

A: QTIP trust: It is also known as qualified terminable interest property. The grantor creates the QTIP…

Q: What are the four fund types within the fiduciary funds? What types of events does each report?

A: Definition:   A fiduciary fund is required in legislative bookkeeping to give an account of benefits…

Q: hat is the purpose of valuation in t

A: Introduction : The fund raising refers to the process conducted by one entity of borrowing funds…

Q: Explain the sinking fund.

A: A Loan refers to the amount of money taken by one party named borrower from the other party named…

Q: ow core deposits and purchased funds work ?

A: Commercial banks: It is the financial institution that accepts deposits from the public and gives…

Q: What are a not-for-profit business's sources of fund capital?

A: The not-for-profit business referred to that business that are conducting the business activities…

Q: What is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: What types of special revenue funds are beneficial?

A: Funds are the balance that has been kept by the company or the government so that any contingencies…

Q: y cash fund is

A: Petty cash fund is the fund set aside for day-to-day small payments that occurred frequently. Petty…

Q: Differentiate mutual funds from unit investment trust fund.

A: Funds refer to the pool of money which is kept aside for some specific purpose. This pool of money…

Q: What are types of activities are reported in Custodial Funds?

A: Custodial funds Custodial funds are classified as fiduciary funds under GASB rules when they are not…

Q: Does a trust have to have assets? – Explain

A: Meaning of Trust Trusts are one of the major forms of organization for federal tax purposes, along…