Question
Hello again, I have another question regarding the recording of transactions for not for profit organisations. The transaction states: Mar 1. Received grant from Gambling
Hello again,
I have another question regarding the recording of transactions for not for profit organisations. The transaction states:
Mar 1. Received grant from Gambling Trust $10000 for 2020 international tour (plus $1,500 GST) (deposit to ASB Account).
What are the accounts involved and how is GST treated in this scenario and why?
Thank you,
Haley
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
