What are Funds?

Fund or funds represent a firm’s financial resources, almost everything what has value can be considered part of the funds, for example cash what is readily available, bank balance and accounts receivable are considered as funds. Any change in the financial position of a company is effected by the change of the funds. Another term which is closely related is fund raiser which purpose is to raise a sum of money for a project. For example it’s really common to hold charity fund raisings to help out less fortunate people or to help build a school. All in all funds are money which have a specific purpose.