What are the primary differences in accounting for for-profit businesses and nonprofit organizations?

What some differences in accounting for governmental, nonprofit, and educational organizations?

if you had an opportunity to donate a large sum of your money to a nonprofit or a college or university, what information in their financial statements could help you decide if they are an organization you would find worthy of your large donation?

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1 Forprofit vs Nonprofit Accounting Differences Objective Forprofit businesses aim to generate profit for their ownersshareholders while nonprofits focus on fulfilling their mission without a profit m... View the full answer