What is FIXED ACCOUNTING?

The way a nonprofit agency runs. Expenses are sent to a specific fund that is made to cover it.The actual revenue is used to pay for any expenses through this fund.

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Related Legal Terms
BASIC ACCOUNTING EQUATION, ACCRUAL BASIS ACCOUNTING, FUND ACCOUNTING, FIXED COST, NOT-FOR-PROFIT ACCOUNTING, FIXED INCOME FUND, NON-FIXED INCOME, FIXED CHARGES, FIXED ASSET TURNOVER RATIO, FIXED PURCHASE OPTION


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