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The accumulation fund of a non-trading concern can equally be referred to as


Question

The accumulation fund of a non-trading concern can equally be referred to as

Options

A)
members' equity
B)
share capital
C)
general fund
D)
surplus fund

The correct answer is A.

Explanation:

The organizations, which are established for the purpose of rendering social services to its members and to the society is known as non-trading concern. Such organizations include clubs, schools, colleges. hospitals, libraries, trusts, professional associations and unions.
The accumulation fund of a non-trading concern can equally be referred to as members' equity.


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Dicussion (1)

  • The organizations, which are established for the purpose of rendering social services to its members and to the society is known as non-trading concern. Such organizations include clubs, schools, colleges. hospitals, libraries, trusts, professional associations and unions.
    The accumulation fund of a non-trading concern can equally be referred to as members' equity.

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