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What is the difference Between a Balance Sheet of Non Profit & profit based organization?

Financial Accounting
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Question ajoutée par Ghazanfar Imran , Financial Controller , National Security Institute
Date de publication: 2014/06/23
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Mrinal Deb
par Mrinal Deb , Manager - Finance and Accounts , Comfort Diagnostic & Nursing Home

The main difference b/w profit and non-prifit based organization's balance sheet is euity.

How much quity has been increased in specific time is seen more importantly in the profit based organization but in not profit organization it is not seen as more importantly.

Muhammad Fiaz
par Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

In non profit org. balance sheet we shows Net Assets becasuse there are no owners.

and in Profit organisation balance sheet we shows Owners equity.

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