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29 December 2020 at 7:57 am

I prefer a Top: Assets – Liabilities = Bottom: Funds; however currently fund balance is getting the norm of most NGO’s.

Initially, when donors would remit funds to grantees they would recognize this into the income statement as income and i think even the small organizations are still practicing this.

However, there must be a common practice that is acceptable across the board for all NGO’s whether small, medium or big to have one standard way of presenting the reports and recognizing income.

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