What is charity in accounting?

Charity in accounting refers to the recording and reporting of donations and expenditures by non-profit organizations.

What is the job of a charity accountant?

A charity accountant manages finances, prepares reports, ensures compliance, and oversees budgeting for a charitable organization.

The four types are: public charities, private foundations, trusts, and donor-advised funds.

Debit: Charity/Donation Expense Credit: Cash/Bank

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