Net assets section of a balance sheet for not for profits is analogous to the owner and equity on a for profit balance sheet.

Name: Net assets section of a balance sheet for not for profits is analogous to the owner and equity on a for profit balance sheet.
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In not-for-profit organizations, the net assets section represents the residual interest in the organization's assets after deducting its liabilities, similar to how owner's equity reflects the residual interest in a for-profit entity's assets.

Net Assets Section of a Balance Sheet for Not for Profits