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    Voluntary Health and Welfare Organizations p3

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    Robert Mendoza
    The document discusses transactions of a health and welfare organization. It describes a case where the association incurred fundraising expenses, received unrestricted cash donations totaling P20,000, and an unconditional pledge of P100,000 of which P60,000 was expected to be collected within 5 days with the balance in 2015, with 5% estimated to be uncollectible. It notes the organization collected P57,000 of the expected contribution and wrote off P3,000 as uncollectible, then collected the remaining P40,000 in 2015.

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    Voluntary Health and Welfare Organizations p3

    Uploaded by

    Robert Mendoza
    17 views8 pages
    The document discusses transactions of a health and welfare organization. It describes a case where the association incurred fundraising expenses, received unrestricted cash donations totaling P20,000, and an unconditional pledge of P100,000 of which P60,000 was expected to be collected within 5 days with the balance in 2015, with 5% estimated to be uncollectible. It notes the organization collected P57,000 of the expected contribution and wrote off P3,000 as uncollectible, then collected the remaining P40,000 in 2015.

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    The document discusses transactions of a health and welfare organization. It describes a case where the association incurred fundraising expenses, received unrestricted cash donations totaling P20,000, and an unconditional pledge of P100,000 of which P60,000 was expected to be collected within 5 days with the balance in 2015, with 5% estimated to be uncollectible. It notes the organization collected P57,000 of the expected contribution and wrote off P3,000 as uncollectible, then collected the remaining P40,000 in 2015.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    17 views8 pages

    Voluntary Health and Welfare Organizations p3

    Uploaded by

    Robert Mendoza
    The document discusses transactions of a health and welfare organization. It describes a case where the association incurred fundraising expenses, received unrestricted cash donations totaling P20,000, and an unconditional pledge of P100,000 of which P60,000 was expected to be collected within 5 days with the balance in 2015, with 5% estimated to be uncollectible. It notes the organization collected P57,000 of the expected contribution and wrote off P3,000 as uncollectible, then collected the remaining P40,000 in 2015.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 8

    VOLUNTARY HEALTH AND WELFARE ORGANIZATIONS

    Continued..

    TYPICAL TRANSACTIONS OF HEALTH AND WELFARE ORGANIZATIONS


    Sample Case:

    The association incurred fund raising expenses of P1,500.

    The association received P20, 000 unrestricted cash donation.

    Received an unconditional promise in the amount of P100,000. Of the P100, 000, P60, 000 will be collectible within 5 days and the balance in 2015. 5 % estimated to be uncollectible.

    ACAO collected P57, 000 of the contribution receivable due and wrote off the remaining P3, 000 as uncollectible.

    In 2015, the full amount of P40, 000 was collected.

    THANK YOU FOR LISTENING!

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