MCQs > Finance & Management > Accounting Principles > What entry would a donor make when giving a cash donation to a charity, where the donor retains the right to revoke the contribution?

Accounting Principles MCQs

What entry would a donor make when giving a cash donation to a charity, where the donor retains the right to revoke the contribution?

Answer

Correct Answer: Dr: Refundable Advance to Charity, Cr: Cash

Explanation:

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