Question

______ depicts the Capital Fund of the organisation.

Options

• Income and Expenditure Account

• Receipts and Payments Account

• Profit and Loss Account

• Balance Sheet

Answer 1

Balance Sheet depicts the Capital Fund of the organisation.

Explanation:

The balance sheet is a financial statement that shows a non profit organization’s accumulated capital money (or general fund). It appears on the liabilities side of the statement and tracks the organization's net value by adding the opening balance, current year surpluses or deficits, life membership fees, and capitalized legacies.