But even if formally restricted, I believe it's not a liability but a _contingent_ liability. It only becomes a liability if the organization makes a decision not to use it in that way, or if a deadline runs out.
Stan Brown Tehachapi, CA, USA https://BrownMath.com On 2023-06-01 11:06, Michael or Penny Novack wrote: > Whether restricted donations are properly treated as liabilities depends > on: > > 1) Whether formally or informally restricted (moral restriction only) > << in other words, whether would need to return if not used for > designated purpose >> _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
