Examlex
Which sentence is expressed correctly?
Volunteer Hours
The time contributed by individuals who perform tasks or provide services willingly and without financial compensation.
Unrestricted Donations
Contributions made to not-for-profit organizations without specified constraints, allowing the organization to use the funds at its discretion for any purpose.
Restricted Donations
Contributions given to an organization that are limited in use by the donor to specific projects, purposes, or time frames.
Deferral Method
An accounting practice of postponing the recognition of expenses or revenues to a future period, rather than recording them in the period they occur.
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