The term used to denote the capital of a not-for-profit making organization is?

By: |Published on: Mar 21|Categories: Accounting WAEC| 0 comments

A. annuity fund
B. nominal capital
C. circulating capital
D. accumulated fund

Correct Answer: Option D

D. accumulated fund

Users Also Read These:

SEE ALSO  In the preparation of financial statements; full disclosure of minor events are ignored in line with

Copyright warnings! Do not copy.