[foundation-board] Agenda and board pack for OKFN board meeting on May 15th
casbon at gmail.com
Tue May 15 15:12:45 UTC 2012
On 15 May 2012 15:50, Ben Laurie <ben at links.org> wrote:
> It seems everyone has their own way to do balance sheets - I don't
> understand this one! In particular, the final section "equity" seems
> to suggest we should have £623k in money somewhere - but where? And
> what's the money described as an asset?
I thought equity is fairly standard across balance sheets. It's the
liability that is added to make total assets equal total liabilities.
As laura says, most of these are invoices not cash.
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