What is Meant by ‘Capital Fund’ ? - Book Keeping and Accountancy

What is meant by ‘capital fund’ ?

Solution

Capital fund consists of contributions, entrance fees, surplus income, legacies and donations specifically received for capital fund.

Concept: Additional Information - Capitalisation of Entrance Fees

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Q 1.1.2 Q 1.1.1 Q 1.1.3

2014-2015 (March)

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2014-2015 (March) (with solutions)

Q 1.1.2 | 1 mark

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What is Meant by ‘Capital Fund’ ? - Book Keeping and Accountancy

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