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प्रश्न
Complete the following sentence.
______ is a fund arising from a bequest or gift, the income of which is devoted to a specific purpose.
पर्याय
Endowment Fund
Special Funds
Payments of Honorarium
None of these
MCQ
रिकाम्या जागा भरा
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उत्तर
Endowment Fund is a fund arising from a bequest or gift, the income of which is devoted to a specific purpose.
Explanation:
Endowment Fund - An endowment fund is a fund created by a bequest or gift, the revenue from which is used to support a specified cause. As a result, it is a capital receipt and is recorded as an item of a specific purpose fund on the Liabilities side of the Balance Sheet.
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