Explain why not-for-profit organizations don't have an owners' equity section on their balance sheets. What do they

Question:

Explain why not-for-profit organizations don't have an owners' equity section on their balance sheets. What do they have instead? What does that section of the represent? How should it be interpreted?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...