Which Entry Would Be the Correct Entry on the Not-For-Profit

question 70

Multiple Choice

Which entry would be the correct entry on the not-for-profit entity's books to record a donor's gift when the money is simply passing through the not-for-profit entity, it creates no direct benefit, and control of the assets has been relinquished by the donor? DEBIT CREDIT

• A) Expense-charitable contribution Cash
• B) Refundable advance to charity Cash
• C) Cash Liability to beneficiary
• D) Cash Refundable advance
• E) Cash Contribution revenue

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Definitions:

Mental Health

The state of well-being in which an individual realizes their abilities, can cope with normal stresses of life, and can work productively.

Health Psychology

A field of psychology focused on understanding how biological, psychological, and social factors influence health and illness.

Diagnostic Process

A systematic method used by healthcare providers to determine a patient's disease or condition, based on the patient's symptoms, medical history, and results from diagnostic tests.

Causation

The relationship between cause and effect where one event (the cause) makes another event happen (the effect).