Non-Profit
Grant Close-Out — Unused Funds Returned
Returning the unspent balance of a grant to the donor at project close.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Deferred Grant Revenue | Liability (-) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Unused grant funds must be returned to the donor unless the grant agreement permits carrying forward. The deferred liability is cleared and cash is refunded.
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