Define fund as the term is used in governmental accounting.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
A fund is a fiscal and accounting entity with a selfbalancing set of accounts ...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Question Posted:
Students also viewed these Accounting questions
-
Distinguish between funds as the term is used in governmental as contrasted with business accounting.
-
Define and briefly explain crossover as the term is used in bond refundings in the governmental environment. In your analysis, be sure to include a brief discussion of the following questions: a....
-
Define a fund as the term is applied in accounting for the activities of governmental units and other nonbusiness organizations.
-
Last year, Lena biked 330 miles. This year, she biked k miles. Using k, write an expression for the total number of miles she biked.
-
Use the formulas in the How to box: Prepare a Balance (p. 741) Sheet to explain the formula: Total current assets + total plant and equipment = total liabilities + total owner's equity?
-
Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates? If so, what are some potential drawbacks to granting...
-
Sarah serves as Chief Executive Officer (CEO) for Biostate Corporation. Biostate is a pharmaceutical company that conducts research on the development of new cancer drugs. It has developed several...
-
Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous...
-
1. Let p and q be two positive numbers such that p + q = 2 and p + q = 272. Then p and q are roots of the equation: (a) x-2x+8=0 2. lim x 0 (sint)dt (b) x-2x+136=0 (c) x-2x+16=0 (d) x-2x+2=0 0
-
Your Client, a real estate agent named Mr. Chump, has asked you to assess the tax implications of a proposed real estate transaction. A - Alternative I: Mr. Chump is looking to sell real property...
-
(Use of funds in governmental accounting) On Election Day, the citizens of a small village voted affirmatively on the following proposition: To authorize the sale of $ 3,000,000 in bonds for the...
-
What is the purpose of fund accounting?
-
In 1998 scientists using a special type of electron microscope were able to measure the force needed to break a single chemical bond. If 2.0 X 10-9 N was needed to break a C-Si bond, estimate the...
-
A test known as the Test of Attentional and Interpersonal Style (TAIS) (see Note 42) has been used in recent years to identify the extent to which a person can stay focused and keep his or her...
-
Combined separating and throttling calorimeter is used to find out dryness fraction of steam, following readings were taken: Main pressure \(=12\) bar abs. Mass of water collected in separating...
-
Suppose that you were to tie a heavy metal washer to one end of a string, hold the string by the other end, and whirl it in a horizontal circle above your head. Pay close attention to where your hand...
-
As you read about the various personal decision styles, did you put yourself into any one of the categories? To get a feel for what the decision style inventory reveals about your personal decision...
-
Steam at \(1,000 \mathrm{kPa}\) and \(300^{\circ} \mathrm{C}\) enters an engine and expands to \(20 \mathrm{kPa}\). If the exhaust steam has a dryness fraction of 0.9 , make calculations for the drop...
-
Why would a firm use a loyalty card? What is the incentive for the firm? What is the incentive for consumers to opt in and use loyalty cards? What kinds of strategic assets can these systems create?
-
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
-
How should organizations be structured to cope with environmental uncertainty?
-
What is a revocable split-interest agreement and how is it recorded by a private college?
-
Describe some measures of performance that can be used in assessing whether a university operates effectively.
-
Institutionally Related Foundations. Review each of the following cases that describe a public university and a foundation related to it (i.e., an institutionally related foundation). Explain whether...
-
The percent precision of a measurement is the ratio of the device's precision to the measurement's magnitude as a percentage. Suppose the temperature changes by 1 8 C and the precision of the...
-
What are the obligations of a company's board of directors? please write all the obligation ,
-
Consider the following information for Waffle Inc. for the current year: Contribution margin ratio 35% Unit variable cost $7 Fixed costs $35,900 Sales for the previous year $89,500 What would be the...
Study smarter with the SolutionInn App