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?

Answer rating: 100% (QA)

Restricted gift received by Not for profit organization is to be recognize as restricted fundThe underlying concept of SFAS No 116 is that receipt of ... View the full answer