Which Entry Would Be the Correct Entry on the Donor's

question 57

Multiple Choice

Which entry would be the correct entry on the donor's books to record a gift to a not-for-profit organization whenthe donor relinquishes control of the asset?

• A)debit expense-charitable contribution,credit cash.
• B)debit refundable advance to charity,credit cash.
• C)debit charitable pledge,creditcash.
• D)debit cash,creditliability to beneficiary.
• E)debit cash,credit refundable advance.

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The smallest units of sound in a language that can distinguish one word from another.

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