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Identity the type of fund stated below: 'Himanshu Club has a fund which can only be used for the distribution of prizes.' -

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Question

Identity the type of fund stated below:

'Himanshu Club has a fund which can only be used for the distribution of prizes.'

Options

  • Prize fund

  • Endowment fund

  • Non-approved fund

  • Honorarium

MCQ

Solution

Prize fund

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Receipts and Payments Account
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