Question

How do you prepare a Balance Sheet for a non profit organisation?

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Answer 1

Explanation:

Preparation of Balance Sheet for Non-Profit Organization

The assets of the organization are recorded on the Right side and liabilities on the Left side. The Non-profit organizations do not use the term Capital. Instead, General Fund or Accumulated Fund appears on the Balance Sheet.

Answer 2

Answer:

The assets of the organization are recorded on the Right side and liabilities on the Left side. The Non-profit organizations do not use the term Capital. Instead, General Fund or Accumulated Fund appears on the Balance Sheet.