NPO

Accountancy

What is accumulated funds? Example please? Thank you for the kind help.ð???ð???ð???

Vijay K

CA Inter

★ 9K+

18-Sep-21 16:16

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Answers (1)

An accumulated fundÂ holds excess money received by a non-profit organizationÂ (NPO). Similar to the retained earnings of a for-profit firm, the accumulated fund grows when revenues are greater than expenses and there is a budgetary surplus.

Roshan Vignesh

CA Foundation

★ 4K+

20-Sep-21 10:54

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