 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Posting a federal grant with a local match to my ledger
If I applied for a federal grant for a new van for my non-profit business and the federal grant covers 80% of the $50,000 cost of the vehicle, how do I post those transactions to my ledger?
Do I list the $40,000 as in-kind? I wasn't sure since it is a federal grant and the in-kind definition leans toward donations. Should a federal grant be considered as an in-kind donation? |
||||
Check out some similar questions!
There are several posting to the general ledger I am not sure how to record. These entries are for the October ledger accounts and balance sheet. One is Oct 17 performed $600 of services for customers who paid in advance in August. Is this a service revenue or what? The other one is Oct 20 paid...
Does this refer to the use of T-ledger accounts?
If you have the following, would you?? Received fees for this month's services $1,300 Debit Cash and Credit Services Earned? And... if you have Reimbursed the bus ddriver for gas expenses $80 Debit Gasoline Expenses and Credit Cash? And... if you have Received payment for one month's...
I need to post to General Ledger the following: 21 Billed customers for cleaning offices $670 29 Received $300 from the cusomters billed on the 21 How do I post these?
I need to post to General Ledger the following: 21 Billed customers for cleaning offices $670 29 Received $300 from the cusomters billed on the 21 How do I post these?
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
