Present entries to record the following transactions:
Definitions:
Net Income
Net Income is the total profit of a company after all expenses and taxes have been deducted from total revenue.
Dividends
Dividends refer to the distributions of a portion of a company's profits to its shareholders, made by the corporation.
Pledges Receivable
Commitments made by donors to give a specific amount of money to an organization over a set period, recognized as receivables in accounting.
Donation Revenue
Income received by a non-profit organization through voluntary financial contributions from individuals, corporations, or other entities.
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