Question : Which of the following is an unrestricted fund?
Option 1: Sports fund
Option 2: Capital fund
Option 3: Annuity fund
Option 4: Endowment fund
Answer (1)
4th Jan, 2024
Correct Answer: Capital fund
Solution :
The money in the capital fund can be used for any purpose according to the need of the entity. There is no restriction on the usage of capital funds.
Hence, the correct option is 2.
Comments (0)
Related Questions
Trending Articles/News
