Endowment Fund
An endowment fund consists of donations or capital set aside to generate ongoing income for a specific purpose commonly used by educational, religious, or non-profit institutions. The principal amount typically remains untouched, while investment returns support operations or scholarships. It ensures financial sustainability and accountability over long-term institutional commitments.
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Equitable Charge
An equitable charge is a claim on an asset that does not transfer ownership but grants the lender rights over…
Extended Trial Balance
An extended trial balance is a worksheet that expands the standard trial balance to include adjustment, income statement, and balance…
Expense Allocation
Expense allocation is the process of distributing shared or indirect costs across departments, projects, or cost centres. It ensures expenses…
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