Non-Profit
In-Kind Donation — Real Estate / Land
Recording land donated by a benefactor for the NGO's permanent offices.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Land (Fixed Asset) | Asset (+) | 200,000.00 | - |
| Contributions Revenue (Permanently Restricted) | Revenue (+) | - | 200,000.00 |
💡 Accountant's Note
Donated real estate is recorded at appraised fair value. Land is never depreciated. If the donor restricts the property to a specific use, the contribution is permanently restricted.
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