anonymous
  • anonymous
in accounting how can you incorporate the accounting equation to a non-profit organization?
Finance
chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
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.

Looking for something else?

Not the answer you are looking for? Search for more explanations.