Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 11 - No. 32)
The term "capital" in the context of a non-profit organization is most similar to which term in a for-profit business?
Profit
Owner's Equity
Revenue
Expenses
Explanation
Capital represents the net worth or accumulated funds of the non-profit, analogous to owner's equity in a for-profit business.
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