Start learning →

Which fund holds unrestricted resources the board may use freely?

AAgency fund
BAnnuity fund
CPlant fund
DGeneral fund
Answer & Solution
Correct answer: D. General fund
The general fund holds unrestricted resources, which the governing board can apply to any purpose of the organisation.
Practise this question with Quill — CA Foundation →

Keep practising Financial Statements of Not-for-Profit Organisations

Browse all Financial Statements of Not-for-Profit Organisations questions for CA Foundation, or explore more Accounting topics.

Start a Financial Statements of Not-for-Profit Organisations lesson →
Related questions