Why are there generally no capital projects (work in progress or other long-lived assets) in governments capital

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Why are there generally no capital projects (work in progress or other long-lived assets) in governments’ capital projects funds? Why are there generally no long-term debts in debt service 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 11:40 AM

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Why are there generally no capital projects (work in progress or other long-lived assets) in governments capital

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There are no capital projects reported in the capital projects fund and generally n...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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