A not-for-prot organization receives a restricted gift. When, and in which type of fund, should it recognize

Question:

A not-for-proﬁt organization receives a restricted gift. When, and in which type of fund, should it recognize the revenue? When, and in which type of fund, should it recognize the related expense? What is the reason for the apparent inconsistency between the fund types in which the revenues and expenses are reported?

Fantastic news! We've Found the answer you've been seeking!