A Contribution Is Given Without Donor Restrictions

question 73

Multiple Choice

A contribution is given without donor restrictions.Under which fund group would this be recorded?

• A)​Current unrestricted funds
• B)​Current restricted funds
• C)​Loan fund
• D)​Endowment fund

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Definitions:

Static Budget

A fixed budget established at the beginning of a period, not adjusted for changes in activity or actual performance levels.

Continuous Budget

A rolling financial plan that continuously updates by adding a new period as the current period is completed.

Zero-Based Budget

A budgeting method where all expenses must be justified for each new period, starting from a "zero base," with no reference to previous budgets.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate forecasting and planning.