What is fund capital?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section9.4: Estimating Additional Financing Needed To Support Growth
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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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