Scout Troop Account Structure & Invoice Procedure for Dues
jdunham
jwdunham at gmail.com
Mon Apr 4 13:53:31 EDT 2016
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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