Non-Profit
In-Kind Donation of Goods (Gifts-in-Kind)
Recording non-cash donations such as food, clothing, or equipment.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Inventory / Supplies | Asset (+) | 500.00 | - |
| In-Kind Contribution Revenue | Revenue (+) | - | 500.00 |
💡 Accountant's Note
Goods should be recorded at their Fair Market Value (FMV). This reflects the true scale of the NGO's resources even if no cash was exchanged.
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