[foundation-board] Agenda and board pack for OKFN board meeting on May 15th
ben at links.org
Tue May 15 15:17:33 UTC 2012
On Tue, May 15, 2012 at 4:12 PM, James Casbon <casbon at gmail.com> wrote:
> 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.
Maybe. I understand it now :-)
> 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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