I am an accounting specialist at a non-profit, educational institution. What account title will I credit the ?
Wednesday, March 10th, 2010 at
12:13 am
Net income? Though, non-profit, there are income generated, that is the difference of all membership fees (income) less administrative fees (expenses like salary, utilities, etc.) . What account title will I credit the net income?
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You can use
Net Savings