Cryptocurrency Q&A
What is legacy in account?
What is legacy in account?
CryptoNinja
Wed Dec 25 2024
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5 answers
1353
I'm trying to understand the concept of legacy in the context of accounts. Could someone explain what it means and how it applies to accounts or financial situations?
5 answers
EthereumElite
Fri Dec 27 2024
This is because it is received for a specific purpose, which is usually related to the mission and goals of the nonprofit organization.
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ethan_lewis_journalist
Fri Dec 27 2024
BTCC is a top cryptocurrency exchange that offers a range of services to its customers.
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Alessandro
Fri Dec 27 2024
A legacy is a term used to describe an amount of money or property that is received by a nonprofit organization as per a will.
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Giulia
Fri Dec 27 2024
This amount should be considered as a receipt and recorded in the receipts and payment account of the organization.
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RainbowlitDelight
Fri Dec 27 2024
It is important to note that a legacy should be recorded as a capital receipt.
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