Examlex
Contests and sweepstakes are types of sales promotions.
GAAP
The Generally Accepted Accounting Principles represent the framework and specific rules for financial accounting and reporting in the United States, promoting consistency and clarity.
Endowment Fund
A fund established by a donation, where the principal is kept intact and only the investment income is used for the fund's purposes.
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.
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