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+--- Thread: Accounting entry of donation received (/showthread.php?tid=9837)
Accounting entry of donation received - Arbelo - 05-06-2011
if an NGO receiving donations how this entry will be made indouble entry accounting system
- Moamar Qazafi - 06-14-2011
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Arbelo</i>
<br />if an NGO receiving donations how this entry will be made indouble entry accounting system
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I THINK
Cash account........ Dr.
Donation Account........Cr.
- danishayub_76 - 06-15-2011
Yes, its right
Bank/Cash Dr.
Grants/Donations Cr.
In case, you are receiving different grants from different donors, then better to separate the respective expenses grantwise.
regards,
- Moamar Qazafi - 06-15-2011
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by danishayub_76</i>
<br />Yes, its right
Bank/Cash Dr.
Grants/Donations Cr.
In case, you are receiving different grants from different donors, then better to separate the respective expenses grantwise.
regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
is ka matlab mujhy be accounting aate hy [8D]