Inconsistency between the fund types


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 inconsistency between the fund types in which the revenues and expenses are reported?

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Accounting Basics: Inconsistency between the fund types
Reference No:- TGS049424

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