Legal analysis: This system is applicable to all kinds of non-profit organizations (hereinafter referred to as non-profit organizations, the same below) legally established in the People's Republic of China, including social organizations, foundations and private non-enterprise units. These non-profit organizations should meet the following three conditions:

(1) Not for profit;

(two) any unit or individual does not have the ownership of the non-profit organization because of its capital contribution; The balance of income and expenditure shall not be distributed to the investors;

(three) once the non-profit organization is liquidated, the remaining property after liquidation shall continue to be used for social welfare undertakings according to regulations.

Legal basis: Accounting System for Non-profit Organizations Article 1 In order to standardize the accounting of non-profit organizations and improve the quality of accounting information, this system is formulated in accordance with the Accounting Law of the People's Republic of China and other relevant laws and regulations.