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The accumulated fund is equal to:
Suggested Answer: A
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12 comments · newest first
AR
Arminda
3 months ago
A could be a contender too, but C is clearer for me.
ST
Stephanie
3 months ago
I agree, C feels right. It's about receipts and payments.
NI
Nickolas
3 months ago
I think it's C. Makes sense for not-for-profits.
MI
Miesha
3 months ago
Totally agree, C is the right answer!
AN
Angelica
3 months ago
Really? I didn't know that was the definition.
KE
Kenny
4 months ago
No way, it's not just bank balances!
CA
Cassi
5 months ago
I thought it was just the book value of net assets.
HA
Harrison
5 months ago
It's definitely the excess of receipts over payments!
AL
Alida
6 months ago
I definitely recall that retained profits are specific to limited companies, so I think D can be ruled out.
LA
Launa
6 months ago
I’m confused between A and C. I feel like both could be correct in different contexts.
ER
Erasmo
6 months ago
I remember a practice question that talked about net assets in not-for-profits, so I’m leaning towards option A.
SA
Salina
6 months ago
I think the accumulated fund might be related to the excess of receipts over payments, but I'm not entirely sure.