Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.

Option 1: Prize fund

Option 2: General Reserve

Option 3: Capital Fund

Option 4: None of the above

Question :  ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.

Option 1: Restricted Fund

Option 2: General fund

Option 3: Capital Fund

Option 4: None of the above

Question : Grant received from the Government for a specific purpose is restricted to  be used for the purpose it is granted is known as

Option 1: Government Grant

Option 2: Capital Fund

Option 3: General Fund

Option 4: None of  the above

Question : Grant received from the Government for a specific purpose is restricted to  be used for the purpose it is granted is known as

Option 1: Government Grant

Option 2: Capital Fund

Option 3: General Fund

Option 4: None of  the above

Question : Choose which of the following statements is true?

Option 1: Debentures Redemption Reserve is set aside by a company out of amount available for payment of dividend.

Option 2: General Reserve can be transferred to Debentures Redemption Reserve.

Option 3: Both 1 and 2

Option 4: None of the Above