alleryStart learning →A donor gives money that may be used only for a library building. Which fund class suits it?
AUnrestricted general fund
BTrading fund of the shop
CRestricted purpose fund
DDesignated board fund
Answer & Solution
Correct answer: C. Restricted purpose fund
Money whose use is limited by the provider is accounted for in a restricted fund, so the organisation can show it was spent as intended.
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