Commerce Exam > Commerce Questions > Which of the following is not an restricted f...
Start Learning for Free
Which of the following is not an restricted fund
- a)Annuity fund
- b)Assets fund
- c)Prize fund
- d)General fund
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following is not an restricted funda)Annuity fundb)Assets...
Restricted funds in accounting refer to funds that have specific restrictions on their use. These funds are set aside for a particular purpose and cannot be used for any other purpose. The funds are normally set up by non-profit organizations, charities, or government agencies.
Annuity fund, Assets fund, and Prize fund are examples of restricted funds because they are set aside for a particular purpose. Annuity funds are restricted funds that are set up to provide regular payments to an individual or a group of individuals. Assets funds are set up to purchase or maintain specific assets, such as property or equipment. Prize funds are set up to provide rewards or prizes to individuals or organizations that meet specific criteria.
The General fund, on the other hand, is not a restricted fund. The General fund is an unrestricted fund that is used for general operating expenses of an organization. It is not set aside for any specific purpose and can be used for any general purpose of the organization.
In summary, the correct answer is option 'D', the General fund, because it is not a restricted fund.
Annuity fund, Assets fund, and Prize fund are examples of restricted funds because they are set aside for a particular purpose. Annuity funds are restricted funds that are set up to provide regular payments to an individual or a group of individuals. Assets funds are set up to purchase or maintain specific assets, such as property or equipment. Prize funds are set up to provide rewards or prizes to individuals or organizations that meet specific criteria.
The General fund, on the other hand, is not a restricted fund. The General fund is an unrestricted fund that is used for general operating expenses of an organization. It is not set aside for any specific purpose and can be used for any general purpose of the organization.
In summary, the correct answer is option 'D', the General fund, because it is not a restricted fund.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following is not an restricted funda)Annuity fundb)Assets...
As in general fund purpose is not defined .and organisation is free to use this fund for any purpose
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
Question Description
Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer?.
Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following is not an restricted funda)Annuity fundb)Assets fundc)Prize fundd)General fundCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup