Non-Profit
Donation Refund to Donor
Returning a donation to a donor because the restricted project was cancelled.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Contributions Revenue (Restricted) | Revenue (-) | 2,000.00 | - |
| Cash / Bank | Asset (-) | - | 2,000.00 |
💡 Accountant's Note
If a restricted project cannot proceed and the donor requests or is entitled to a refund, the previously recognized revenue is reversed and cash is returned.
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