Non-Profit
Grant Audit Finding — Disallowed Cost
Recording the repayment of a grant amount disallowed by the donor's auditor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Grant Disallowed Cost Expense | Expense (+) | 3,500.00 | - |
| Cash / Bank | Asset (-) | - | 3,500.00 |
💡 Accountant's Note
If an auditor disallows a cost (e.g., deemed not eligible under the grant), the NGO must repay it. This is a current-period expense — previously recognized grant revenue is not reversed.
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