— Kishore V, SME and ACW at Edumarz
Capital Fund:
- The capital fund may be defined as the excess of an organization’s assets over its obligations in the case of a non-profit organisation.
- Any excess or deficit found in the income and expense account is added to (or subtracted from) the capital fund.
- This is known as an Accumulated Fund.
Capital Fund Calculation
Capital Fund at the beginning of the Year Add: Surplus from Income and Expenditure A/c Subscription Amount Life Membership fee Less: Deficit from Income and Expenditure A/c Capital Fund at the end of the Year | XXX XXX XXX | XXX XXX XXX XXX |