Scout Troop Account Structure & Invoice Procedure for Dues

[jdunham]

This is the definition I saw:
   Net Worth is: All Assets less All Liabilities 
   Net Assets is: All Assets less any liabilities that are using the assets 
     as collateral, such as a home and a home mortgage. 

But I will gladly defer to the accountants among us.




Joshua Sanders wrote
> Doesn't Net Assets = Total Assets - Total Liabilities?
> 
> http://www.accountingcoach.com/blog/meaning-of-net-assets
> 
> Joshua





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