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Deferral Method
An accounting practice that involves postponing the recognition of certain income or expenses until a later accounting period, typically to match revenue with expenses more effectively.
Donation Revenue
Income received from gifts or donations, often characterized by the absence of an expected return or direct benefit to the donor.
Restricted Contribution
Funds given to an organization with stipulations on their use, requiring the organization to apply them to a specified project or purpose.
Specific Project
A distinct endeavor with set objectives, timeline, and resources allocated for completion.
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