A not-for-profit organization receives a restricted gift


A not-for-profit organization receives a restricted gift. When and in which type of fund should it recognize the revenue? When and in which type of fund should it recognize the related expense? What is the reason for the apparent inconsistencies between the fund types in which the revenue and expenses are reported?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: A not-for-profit organization receives a restricted gift
Reference No:- TGS01215754

Expected delivery within 24 Hours