Income Surplus

Accumulated Fund (Capital Fund)
The accumulated fund, or capital fund, is a reserve held by non-profit organizations like clubs or societies, reflecting a surplus of income over expenditure, or a deficit when expenditures exceed income. Its value can be determined by valuing the net assets of the organization.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.