Accounting for NFP Organizations
In this article we will discuss about the accounting for non-profit-organizations done. Transactions for a Private Not-For-Profit Organization Illustrated: The following transactions demonstrate typical journal entries for a private not-for-profit organization. Because FASB SFAS 117 focuses on the entity as a whole, the organization does not need to record transactions in separate funds. However, not-for-profits can choose to use a [...]