Explain the difference between program revenue and general revenue. Why does the GASB require this distinction?

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Accounting For Governmental And Nonprofit Entities

ISBN: 9781260118858

19th Edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

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Question Posted: Jul 04, 2022 02:15 AM

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Explain the difference between program revenue and general revenue. Why does the GASB require this distinction?

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Program revenue is defined as the revenue generated by a specific program ...View the full answer

Accounting For Governmental And Nonprofit Entities

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