Journal entries of donations received as

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1359 Points Posted on 03 December 2021
journal entries of donations received as a income and its treatment in profit and loss account!
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On 03 December 2021 at 21:35 Report
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Quick Summary
This discussion covers how to account for donations received. It explains the correct journal entries to record donations as income, typically by debiting cash or bank and crediting donations. The focus is on ensuring these entries are properly reflected in the profit and loss account for accurate financial reporting.

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Managing Partner at TAXounting
8742 Points Posted on 03 December 2021
Cash/bank dr
To donation
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On 03 December 2021 at 22:46
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2 Points Posted on 03 May 2023

Only one side entry I e credit

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On 03 May 2023 at 01:15

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