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For accounting for a nonprofit organization, I have some questions- 1. how would I record a grant recieved from the government to be used for
For accounting for a nonprofit organization, I have some questions-
1. how would I record a grant recieved from the government to be used for something specific, lets say education?
2. How do I record an interfund transfer? Like lets say from special revenue to capital projects fund?
3. Lets say the construction for a capital projects fund has ended. How do I record a journal entry for this?
Thank you!
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