Unrestricted funds refers to those funds on which no restrictions is imposed by the donor for its usage. The done is free to use the funds as per its own requirements for the purpose of the furtherance of the objects. However, these funds are not absolutely free of restrictions as they have to follow the guidelines of the association in which received. The amount to be disclosed in the statement of activities under the classification of revenue from unrestricted funds.

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Chapter 19, Problem 19.8.8E

To determine

Introduction: Unrestricted funds refers to those funds on which no restrictions is imposed by the donor for its usage. The done is free to use the funds as per its own requirements for the purpose of the furtherance of the objects. However, these funds are not absolutely free of restrictions as they have to follow the guidelines of the association in which received.

The amount to be disclosed in the statement of activities under the classification of revenue from unrestricted funds.

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