Hey, I have a situation here: Last fiscal year, we accrued the balance of the multi-year grant: Debit - unconditional promise to give Credit--foundation specific request This fiscal year, we found that partial accrual should be reversed. what should the journal entry be, then....Debit: revenue ( current...

I am using two difference VCO template to create the balance sheet as of 2/29/08. And there always is a difference of $150,000 in the fund balance between the two templates. I used template A to validate template B to see whether there were accounts missing from one of the templates. The validation report...