Non-Profit
Program Equipment Purchased (Grant-Funded)
Buying laptops, medical equipment, or solar panels for a specific program.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Program Equipment (Fixed Asset) | Asset (+) | 12,000.00 | - |
| Cash / Grant Receivable | Asset (-) | - | 12,000.00 |
💡 Accountant's Note
Equipment purchased with grant funds is capitalized as a fixed asset. Donors usually require the NGO to track grant-funded assets separately and report on their status.
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