Accounting entry of donation received

[Arbelo]

if an NGO receiving donations how this entry will be made indouble entry accounting system

[Moamar Qazafi]

<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]

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]

<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]