Question

Fund Based Accounting is classified under:

(i) Unrestricted funds

(ii) Fixed assets funds

(iii) Restricted funds

(iv) Annuity funds

विकल्प

• (i), (ii), (iii)

• (i), (iii), (iv)

• (ii), (iii), (iv)

• (i), (ii), (iii), (iv)

Answer 1

(i), (ii), (iii), (iv)

Explanation:

In the case of Not-for-Profit Organisations, funds may be classified as:

(i) Unrestricted Fund

(ii) Restricted Fund

(iii) Government Grant

(iv) Endowment Fund

(v) Annuity Fund

(vi) Loan Fund

(vii) Fixed Assets Fund

(viii) Prize Fund