The capital of not-for profit making organization is
Question 1 Report
The capital of not-for profit making organization is
Answer Details
The capital of a not-for-profit making organization is typically called the "accumulated fund". This fund represents the total of all the organization's net assets over time, and it is used to finance the organization's activities, programs, and services. The accumulated fund is made up of donations, grants, bequests, and other sources of income that have been received by the organization, as well as any surpluses that have been generated by its operations. It is similar to the equity of a for-profit company, but the accumulated fund cannot be distributed to the organization's members or shareholders. Instead, it is used solely to support the organization's mission and objectives.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning