Being that you are an inquisitive person and wish to add to your knowledge
base you ask your new accountant to teach you about fund accounting that is
used in nonprofit financial accounting. Specifically you asked her the
following:In your own words please post a response to the Discussion Board and
comment on other postings. You will be graded on the quality of your
postings.The following grading criteria will apply to this
assignment:Grading Criteria50%Explain how fund accounting principles for nonprofit organizations affect
routine revenue type journal entries.30%Do you think that nonprofits should continue to abide by the wishes of
contributors who donated on the basis of a specific use of their donation or
during tough economic times should they ask these contributors to relax any
restrictions they placed on the use of these funds?