How do you prepare a Balance Sheet for a non profit organisation?
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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.
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1
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.
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