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In Kind Capital Gift: Reporting on P&L and Balance Sheet
The organization I am volunteering for received an in kind gift, a tractor valued at 15K. I am pretty sure I don't include this as revenue on the profit & loss statement, but want to report on the balance sheet. In that case, how would it be reported? If I am wrong about the P&L please let me know. Any information will help.
Many Thanks, Dylan |
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