How would you compare the accounting for enterprise funds with that of (a) Businesses and (b) Governmental

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How would you compare the accounting for enterprise funds with that of

(a) Businesses and

(b) Governmental funds?

Summarize the reasons both for and againstaccounting for enterprise funds differently than governmental funds.

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:52 AM

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How would you compare the accounting for enterprise funds with that of (a) Businesses and (b) Governmental

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Enterprise funds are accounted for on a full accrual basis Thus they are accounted for similarly to businesses Governmental funds by contrast are acco...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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