NFP Acc Flashcards
Receipt of unconditional promise to give, due in future years
Dr. Contributions Receivable
Cr. Contribution Revenue
Cr. Discount on Contributions Receivable
Recognition of in-kind donation of services
Dr. Professional Services Expense
Cr. Contribution Revenue - In-kind Services
Recording of endowment investment gains
Dr. Investments
Cr. Investment Income - With Donor Restrictions
Release of temporarily restricted net assets
Dr. Net Assets with Donor Restrictions
Cr. Net Assets without Donor Restrictions
Recognition of split-interest agreement
Dr. Beneficial Interest in Trust
Cr. Contribution Revenue - With Donor Restrictions
Recording of membership dues received in advance
Dr. Cash Cr. Unearned Revenue
Recording of special event revenue and expenses
Dr. Cash
Cr. Special Events Revenue
Cr. Contribution Revenue
Dr. Special Events Expense
Recognition of grant revenue with conditions
Dr. Cash
Cr. Refundable Advance
Recording of functional expenses allocation
Dr. Program Expenses
Dr. Management and General Expenses
Dr. Fundraising Expenses
Cr. Salaries Expense
Cr. Rent Expense
Cr. Utilities Expense
