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When non government VHWOs and ONPOs hold fund raising events such as banquets, auctions, and bazaars, the gross receipts must often be reported as revenues. Explain or illustrate how the direct costs of these special fund raising events atre to be reported. Also, may these nongovernment organizations report the special event using the net method?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9445386

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