What is fund capital?
Chapter9: Projecting Financial Statements
Section9.4: Estimating Additional Financing Needed To Support Growth
Problem 1CC
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What is fund capital?
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Capital Fund: It is the Excess of assets over liabilities for non-profit organizations is termed as the capital fund. Any surplus or deficit ascertained from the income and expenditure account is added or deducted from the capital fund. Its also termed as Accumulated Fund.
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