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

question 37

Multiple Choice

Which entry would be the correct entry on the donor's books when the donor relinquishes control of an asset that it contributes to a not-for-profit organization? $$\begin{array} { l l } { \text { DEBIT } } & \text { CREDIT } \\\text { A) Expense-charitable contribution } & \text { Cash } \\\text { B) Refundable advance to charity } & \text { Cash } \\\text { C) Charitable pledge } & \text { Cash } \\\text { D) Cash } & \text { Liability to beneficiary } \\\text { E) Cash } & \text { Refundable advance }\end{array}$$

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Definitions:

Organizational Cultures

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution.

Influence Leaders

The ability to affect the behavior, decision-making, or thinking of those in positions of authority or leadership.

Mission And Vision

Statements that outline an organization's purpose, goals, and the future state it strives to achieve.

Leadership Strength

Refers to the capacity of an individual or group to guide, influence, or direct others in a way that achieves set goals and enhances group cohesion.