Mr. James brought Jerry to visit a not-for-profit organization in Mansfield Town and the relevant information about it are as follows: In 2020, Robert Bedford, a philanthropist who hails from Little Washington in the outskirt of Mansfield Town, donated $10 million to Richland Orphanage Care, a not-for-profit organization in Mansfield Town. Mr. Bedfords only condition was that Richland Orphanage Care, must at all times have a minimum of 30 orphans in its care to be entitled to the donation. For the record, Richland Orphanage Care never had less than 30 orphans in its care since its inception 5 years ago. Buck Rogers, the manager at Richland Orphanage Care stated that in the donation agreement, Richland Orphanage Care must return the donated funds if the condition is not met and likewise, Mr. Bedford can cancel the agreement if Richland Orphanage Care fails to meet the conditions necessary for payment to take place. By the end of 2020, all conditions set by Mr. Bedford were met by Richland Orphanage Care.

Required: Based on the above information and by giving related examples, Mr James asked Jerry to elaborate on his understanding about (i) Accounting for Contributions, and (ii) Conditional Contributions