What are the three categories of funds prescribed by GASB standards and which fund types are included
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The three categories of funds are governmental proprietary and fiduciary The ...View the full answer
Answered By
Akash Goel
I am in the teaching field since 2008 when i was enrolled myself in chartered accountants course
Since then i have an experience of teaching of class XI, XII, BCOM, MCOM, MBA, CA CPT.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Question Posted:
Students also viewed these Accounting questions
-
What are the three categories of cash flows reported on the cash flow statement? Discuss each and give an example of an inflow and an outflow for each category.
-
What are the three categories of auditor responses to fraud risks?
-
What are the three categories of cash flows to be reported on the SCF?
-
Which of the following variables was controlled in Experiment 1? F. Amount of yeast G. Percent of molasses H. Percent of sucrose J. Carbon dioxide levels Experiment 1 Since yeast needs sucrose to...
-
The U.S. Postal Services (USPS) has a constitutionally guaranteed monopoly on first-class mail ki 2010, it charged 44C for a stamp, which was not the profit-maximizing price-the USPS goal, allegedly,...
-
Explain why no interest expense is recorded at the time a company takes out a new loan. Also explain when interest expense should be recorded.
-
Does a correlation between hours of work and nonlabor income measure the income effect?
-
The income statement and additional data of Breen Travel Products, Inc., follow: Additional data: a. Acquisition of plant assets was $200,000. Of this amount, $160,000 was paid in cash and $40,000 by...
-
A person inherited $34000 and invests it immediately at 8.75% compounded monthly. The person decides to quit his/her job and withdraws $1700 at the end of each month for as long as possible. a. How...
-
The binary data stream 011100101 is applied to the input of a modified duobinary system. (a) Construct the modified duobinary coder output and corresponding receiver output without a precoder. (b)...
-
If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental financial reporting entity, there is no need for the component unit to...
-
Which fund category uses the modified accrual basis of accounting? What are the recognition rules for revenues and expenditures under the modified accrual basis of accounting?
-
The roller coaster car and passenger have a total weight W and starting from rest at A travel down the track that has the shape shown. Determine the normal force of the tracks on the car when the car...
-
Trial Balance for the financial year (FY) ended 31st March 2022 of M/s Deepakshi shows following details: Particulars Debit (`) Credit (`) Purchase & Sales 10,00,000 12,00,000 Debtors & Creditors...
-
1. Imagine that you were filming a brief documentary about a political candidate. Which camera angle and camera movement would you use in the opening scene? Why would you select these? 2. Imagine...
-
Ms . Henderson comes to you for advice in February 2 0 2 4 . Last year, 2 0 2 3 was a year of considerable change and turmoil for her. Her job in Ottawa, with Losing Ltd . , evaporated on March 3 1 ,...
-
The Wayfair decision generally is viewed as overturning which prior case that seemed to require that a company needed to have a physical presence in a state befire that state could require the seller...
-
The following is based on a project management class Your task is to writ a reflective paper on the principles of project management that we have covered over the last eight weeks. View this as our...
-
Ellen wants to know how many copies of each book were sold. Write a SQL statement to obtain the necessary information you think Ellen wants. Ellen Novotny started an online bookstore in 2023. You are...
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
What personality traits are being tested for by organizations? Are they screening for authoritarianism, narcissism, or petty tyranny?
-
What is the Financial Trend Monitoring System and how is it used?
-
Should citizens be concerned if the funded position for pension plans decreases over time? Why?
-
Illustration 104, adapted from Crawford and Associates, lists several ratios under the heading Financial Position. Which of the ratios listed most closely aligns with the GASB research study...
-
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by...
-
Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process...
-
A spring with spring constant 80 N/m is placed at the bottom of a 6 m high ramp with opening angle 60 . A 3 kg mass is then placed on the spring and pushed down so the spring is compressed by a...
Study smarter with the SolutionInn App