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Quiz Worksheet Nonprofit Accounting Study Com Non Profit Balance T Retained Earnings Excel

Worksheet Details

  • CategoryBalance Sheet.
  • TopicBalance sheet analysis for nonprofit.
  • AuthorOlivia Foxall
  • PostedTue, Aug 13th 2019 02:52 AM
  • Formatjpg/jpeg

Retained earnings are a little different. Remember the formula for the balance sheet? (Assets = Liabilities + Equity?) If you’ve filled out the rest of your balance sheet template, then you will have only retained earnings left to work with. Therefore, retained earnings are equal to Assets – Liabilities – Contributed Capital.

You should check out several of the balance sheet examples on this page to get a feel for how to use and read one. Like a business, your personal balance sheet will contain information about your assets and liabilities. This is where you will list all of your personal bank accounts, credit cards, and mortgage payments. Basically, you will need to list all of your outstanding debt as well as your assets.

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