Ask
your own question, for FREE!
Finance
17 Online
in accounting how can you incorporate the accounting equation to a non-profit organization?
Still Need Help?
Join the QuestionCove community and study together with friends!
The equity part can be split up into parts to denote where they come from or where they're allocated to (remember, net income goes to the equity side). The terms usually are General Reserves, Operating Reserves, or Special Reserves (if funds were donated for a specific purpose like pertpetual endowments, or capital programs like a building fund.) You'd see this stated as "Net Assets" or "Fund Balance", and the equation would be Assets equal Liabilities plus Net Assets.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol:
@tinydinoUwU stop trying to find a argument u blad lil boy
TinydinoUwU:
**(Verse 1)** Yo, trapped in a box, Iu2019m feelin' so confined, Lifeu2019s a game of chess, but Iu2019m stuck in rewind, Every dayu2019s a struggle, man, I
Arriyanalol:
hey umm so i need help with my lanauage art ixl anybody wanna help big mama
Nina001:
ho where do i go to buy Subscirption for a moving pfp because on my screen im on
1 day ago
5 Replies
4 Medals
7 hours ago
13 Replies
5 Medals
4 days ago
2 Replies
2 Medals
5 days ago
4 Replies
2 Medals