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- Sun Feb 04, 2007 2:48 pm
- Forum: Accounting
- Topic: Changing accounts from liabilty to equity
- Replies: 1
- Views: 3420
Changing accounts from liabilty to equity
Hi, I've recently assumed the Treasurer's duties. In reviewing our accounts, I have discoverd that the previous person labled /named all of our Funds and endowment accounts as Liabilities. They should be classified as equity. I have a former CPA on our committee who wants our statements to reflect t...