What Is the IRS Form 990?

Expenses attributable to providing information regarding the organization itself, its use of past contributions, or its planned use of contributions received are fundraising expenses and must be reported in column (D). Enter the total expenses incurred by the organization in conducting meetings related http://leninvi.com/t09/p505 to its activities. Include such expenses as facility rentals, speakers’ fees […]

Accounting Equation: a Simple Explanation

This then allows them to predict future profit trends and adjust business practices accordingly. Thus, the accounting equation is an essential step in determining company profitability. Current assets include cash and cash equivalents, accounts receivable, inventory, and prepaid assets. Accounting Equation As a core concept in modern accounting, this provides the basis for keeping a […]