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78% 12 me-myCamp TakeTest : Practi: 'Ac:What is the differ × D New tab C https://bb.courses.maine.edu/webapps/assessment/tak Question Completion Status: QUESTION 2 0 points Save Answ The three major items on a balance sheet of a non-profit include all but which of the following- a. Net income Liabilities C. Assets Fund equity QUESTION 3 0 points Save Answer What are fundraising campaigns that are implemented on a regular basis to support programs or services? Financial resources Annual campaigns C.

Explanation / Answer

For a non-profit organisation, there will be no item called net Income. It is replaced by Excess of expenditure over revvenue or excess of revenue over expenditure.

Hence net profit is not the major item on a balance sheet.

Correct Option is a) Net Income

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