Non-Profit Accounting

Non-Profit Accounting
 By Finance Ocean

On a non-profit organization's balance sheet, what is the equivalent of owner's equity?

Pick an answer:

1. Public Equity
2. Private Equity
3. Public Assets
4. Net Assets

Answer: # 4
Explanation: Net assets is the term used for equity in the non-profit sector. Net assets are equal to total assets minus total liabilities — hence the term "net assets."

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