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SALE EXTENDED 70% OFF QuickBooks for 3 months* Ends 12/8
Buy nowin cleaning up prior year statement of financial position I adjusted net unrestricted assets for non profit to the tax return. this left zero net revenue. However, the unrestricted net asset account in the new year has changed. It is my understanding that Net revenue "rolls into" Unrestricted net assets" similar to net income rolling into equity. Am I incorrect?
I tried to make another JE to unrestricted net assets, but it remains unchanged.