Government And Non-Profit Accounting

A Not-For-Profit Organization (NFPO) received three cash donations:

a) SAR 10,000 from a donor who said it must be used only for research into a new method for treating substance abusers

b) SAR 14,000 from a donor who said it may be used for any purpose the trustees choose, but not until the following year; and

c) SAR 50,000 from a donor who said the gift must be maintained in perpetuity, with the income from it to be used for any purpose the trustees choose.

Pass the journal entry in the Book of NFPO.

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

Order

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp
%d bloggers like this: