Examlex

Solved

According to Skinner

question 3

Multiple Choice

According to Skinner


Definitions:

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.

Related Questions