QUESTION 6 and events in the same ng, not-for-profit organizations record and me

Question

QUESTION 6 and events in the same ng, not-for-profit organizations record and measure transactions manner as commercial enterprises. They do, however, differ from commercial enterprises in two important ways. Which of the following is one of those differences? O A. Not-for-profit organizations do not record revenues until money is actually received. O B: Not-for-profit organizations receive considerable amounts of resources from the government. OCCommercial enterprises use accrual accounting and not-for-profits use modified accrual Cormuntingestricto @ D. Donors frequently impose restrictions on the use of donated resources.

Explanation / Answer

Correct Answer- (D) Donors frequently impose restrictions on the use of donated resources.

Explanation

This is true that in Not for profit organization donors imposes restrictions on the use of resources. Not for profit organization records revenue when it is earned and follows accrual basis for accounting. Modified accrual system is used by Government organizations. The not profit organizations gets its resources from many sources other than government.

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