Question: Following are four accounts from a governmental fund balance sheet

Following are four accounts from a governmental fund balance sheet. Discuss how and why these accounts will be adjusted when preparing the balance sheet conversion worksheet for governmental activities. If no adjustments are required, state why.
Due from International Airport Enterprise Fund . . . . . . . . . . . . . . $ 50,000
Due to Water Enterprise Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Due to General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Due from Special Revenue Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000


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  • CreatedOctober 25, 2014
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