Question: 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

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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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 full answer

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