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Question : ----------------- is a fund earmarked for investment in fixed assets or already invested in fixed assets. An example of a Fixed Assets Fund is a Building Fund & Amount invested in fixed assets during the year is transferred to a Capital Fund.

Option 1: Capital fund

Option 2: Fixed assets fund

Option 3: Endowment Fund

Option 4: None  of the above


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Fixed assets fund


Solution : Fixed Assets Fund is a fund earmarked for investment in fixed assets or already invested in fixed assets. Example of Fixed Assets Fund: Building Fund & Amount invested in fixed assets during the year is transferred to Capital Fund.
Hence, the correct option is 2.

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