Understanding Inc. 1971 Balance Sheet
UNDERSTANDING, INC.
BALANCE SHEET October 1, 1971–September 30, 1972
ASSETS:
Cash on Hand 294.48
Petty Cash Advances 15.00
TOTAL ASSETS $309.48
LIABILITIES:
Donations 1473.17 Less
Net Loss -1725.97 -252.80
Surplus 1971 562.28
TOTAL LIABILITIES $309.48
INTERNATIONAL CULTURALCENTEROFUNDERSTANDING
BALANCE SHEET October 1, 1971–September 30, 1972
ASSETS:
Cash on Hand $127.09
Fixed Assets:
1971 1676.80
Loss Depred. 10% 186.31 1490.49
1972 Additions 613.00
Loss Deprec. 10% 61.30 551.70 2042.19
TOTAL ASSETS $2169.28
LIABILITIES:
Donations 628.00
Less: Depreciation
186.31
61.30 247.61 380.39
Surplus 1971 1788.89
TOTAL LIABILITIES $2169.28
SUMMARY
Understanding; Inc. 309.48
International Cultural Centerof Understanding 2169.28
Total New Worth $2478.76