Examlex
As a reward for completing his assignment two weeks ahead of schedule, Santiago rewarded himself with a long vacation.The reward is a(n)
Restricted Fund Method
An accounting practice where funds specified for certain purposes are kept separate in financial records to ensure their use only for those purposes.
General Fund
A primary operating fund used by governments to finance regular, day-to-day services and activities.
Endowment Fund
A fund established to maintain principal inviolate and to use earnings for specific purposes, often found in non-profit or educational institutions.
Fund Accounting
A system of accounting used primarily by non-profit or governmental organizations where resources are categorized into funds according to their designated purpose or restrictions.
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