Question

State whether the following statement is True or False with reasons.

Excess of Assets over liabilities is called Capital Fund.

विकल्प

• True

• False

Answer 1

Excess of Assets over liabilities is called Capital Fund. - True.

Explanation:

For ‘Not for Profit’ concerns in the Balance Sheet, when the total of Assets is more than the total of Liabilities, the amount of difference is considered ‘Capital Fund’.