The accounting systems described in this book apply to corporations and are not appropriate for nonprofit organizations.

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“The accounting systems described in this book apply to corporations and are not appropriate for nonprofit organizations.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 08:27 AM

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The accounting systems described in this book apply to corporations and are not appropriate for nonprofit organizations.

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No The fundamental accounting principles apply equally to nonprofit also called notforprofit and ...View the full answer

Introduction to Financial Accounting

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