Endowment Fund : Funds providing Permanent means of Support are known as Endowment Fund. In the words of Eric L. Kohler, "It is a Fund, Arising from a Request or Gift, the Income of which is Devoted for a Specific Purpose". Therefore, it is a Capital Receipt, because the Fund Provides Permanent Source of Income. It should be Capitalised and Shown at the Liabilities Side. It is shown at the Debit Side of Receipt and Payments Account.
