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ln a not-for-profit organization, the accumulated fund is

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Accounts - Principles of Accounts WAEC 2019

ln a not-for-profit organization, the accumulated fund is

  • current assets plus fixed assets less total liabilities checkmark
  • long-term liabilities plus current liabilities
  • fixed assets plus current assets plus long-term liabilities
  • fixed assets less long-term liabilities less current liabilities

The correct answer is: A

Explanation

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