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Be very careful when dealing with income that is described by any of the following headings; some of the terms are commonly interchanged and can mean different things to different people.

  • Donations
  • Contributions
  • Grants
  • Recharges
  • Re-imbursements
  • Refunds

In all cases it is essential to establish exactly who is doing what, to whom, where and why!

 

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