LLC vs. NGO, Similarities and Differences in the Accounting Treatment of Intangible and Tangible Assets

Elena Stănciulescu
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Elena Stănciulescu: Bucharest

CECCAR Business Review, 2021, vol. 2, issue 6, 8-17

Abstract: The aim of this article is to present the main similarities and differences between the method of accounting for an LLC and the double-entry accounting method used for NGOs in the case of intangible and tangible assets. Thus, we will highlight aspects related to existing particularities in the case of start-up costs, disposal of tangible and intangible assets, value depreciations, amortizations and trade discounts, so that there will be no room for confusion with regard to the correct application of an accounting treatment.

Keywords: LLC; NGO; intangible/tangible assets; accounting treatment (search for similar items in EconPapers)
JEL-codes: L31 M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:2:y:2021:i:6:p:8-17

DOI: 10.37945/cbr.2021.06.02

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