What is the distinction, as drawn by the GASB, between a duciary fund and a permanent fund?

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What is the distinction, as drawn by the GASB, between a ﬁduciary fund and a permanent fund?

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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 11:54 AM

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What is the distinction, as drawn by the GASB, between a duciary fund and a permanent fund?

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Fiduciary funds are maintained to account for assets that governments hol...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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