Question Tag: Net Asset

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FA – May 2024 – L1 – SA – Q20 – Accounts of Not-for-Profit Entities

Identifies the term for the difference between assets and liabilities of a not-for-profit organization.

Question

The difference between the assets and liabilities of a not-for-profit organization is called:

A. Net asset
B. Net liability
C. Accumulated fund
D. Working capital
E. Net capital

Answer

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Find Related Questions by Tags, levels, etc.

Tags: Accumulated Fund, Net Asset, Not-for-Profit Accounting
Level: Level 1

Topic: Accounts of Not-for-Profit Entities
Series: MAY 2024

FA – May 2024 – L1 – SA – Q20 – Accounts of Not-for-Profit Entities

Identifies the term for the difference between assets and liabilities of a not-for-profit organization.

Question

The difference between the assets and liabilities of a not-for-profit organization is called:

A. Net asset
B. Net liability
C. Accumulated fund
D. Working capital
E. Net capital

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Accumulated Fund, Net Asset, Not-for-Profit Accounting
Level: Level 1

Topic: Accounts of Not-for-Profit Entities
Series: MAY 2024

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