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प्रश्न
Write the word/phrase/term, which can substitute the following sentence.
The excess of total assets over total liabilities of a ‘Not for Profit’ Concern.
एक शब्द/वाक्यांश उत्तर
उत्तर
Capital Fund
Explanation: In case of not-for-profit organisations, an excess of assets over liabilities is called capital fund. It is similar to the capital account in case of profit-making entities. Any surplus/ deficit shown by the Income and Expenditure Account will be added/ deducted from the opening capital and the net capital fund will be shown on the Liabilities side of the Balance Sheet.
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Features of "Not for Profit" Concerns.
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संबंधित प्रश्न
The excess of total assets over total liabilities.
State whether the following statement is True or False.
‘Not for Profit’ concerns do not have profit motive.
State whether the following statement is True or False.
‘Not for Profit’ concerns concentrate their efforts on maximizing their profit.
Select the most appropriate alternative from given below and rewrite the statement:
___________ is a major source of revenue income for ‘not for profit’ concern.
