Correct option is A
Income arising from bequests or gifts used for a specific purpose is termed as an "Endowment Fund." These funds are set aside for a particular purpose, often specified by the donor, and are not available for general use.
All Courses
Question
The income arising from bequest or gifts used for specific purpose is termed as____.
Free Tests
Free
Must Attempt
CUET 2025 English Language Mock 01
English
50 Questions
200 Marks
45 Mins
EnglishSimilar Questions
- 1)Libraries run by charitable trusts are an example of
- 2)The main source of revenue for 'not for profit' organisation is:
- 3)Select the amount of salary to be shown in Income and Expenditure Account at the end of current accounting year of a Not -for-Profit Organisation. Salary paid during the current accounting year is ₹26,000, which includes two months salary of previous year and one month salary of current year’ is still outstanding.
- 4)The opening stock of raw material is ₹40,000 while the closing stock of raw material is ₹60,000 and material consumed during the financial year is of ₹1,90,000. Calculate the amount of material purchased during the current year.
- 5)Excellent Sports Club received subscription of ₹4,70,000 during the year 2022-23. The following information was available:
Calculate subscription income for the year ended on March 31, 2023. - 6)Select the item that does not appear in the Receipt and Payment account of a Not-for-Profit Organisation.
- 7)Identify which of the following is prepared on accrual basis:
- 8)Identify, which one of the following will be posted in the Income and Expenditure Account?
- 9)The income arising from bequest or gifts used for specific purpose is termed as____.
- 10)Match List -I with List – IL
Choose the correct answer from the options given below :
