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Hello!
Say you have a non-profit organization, "A", and then another non-profit, "B", organized to develop charitable support for "A." The two organizations are affiliated and their financial statements are consolidated. As such, the consolidated financials show pledges receivable. If "A" buys a bunch of equipment and some of the pledges receivable of "B", when collected, will reimburse "A" for the equipment, should "A" and "B" show due to/due from? So for example, if "A" buys $100,000 of equipment that is to be reimbursed by "B" at some point in the future as pledge payments are collected, should "A" show a due from and should "B" show a due to?
Thank you in advance for any help you can provide.
Say you have a non-profit organization, "A", and then another non-profit, "B", organized to develop charitable support for "A." The two organizations are affiliated and their financial statements are consolidated. As such, the consolidated financials show pledges receivable. If "A" buys a bunch of equipment and some of the pledges receivable of "B", when collected, will reimburse "A" for the equipment, should "A" and "B" show due to/due from? So for example, if "A" buys $100,000 of equipment that is to be reimbursed by "B" at some point in the future as pledge payments are collected, should "A" show a due from and should "B" show a due to?
Thank you in advance for any help you can provide.