Typically, the term 'fund' refers to the difference between which two financial elements?

Show Answers

Current assets minus current liabilitiesProfit and loss account compared to the balance sheetCurrent assets less non-current liabilitiesCurrent liabilities subtracted from non-current liabilitiesNone of the above

Explanation

The term 'fund' usually denotes the surplus of current assets over current liabilities, indicating the working capital available. Other options do not accurately represent this concept.