Why are general capital assets recorded in an off the balance sheet list or schedule, rather than

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Why are general capital assets recorded in an “off the balance sheet” list or schedule, rather than a 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 11:48 AM

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Why are general capital assets recorded in an off the balance sheet list or schedule, rather than

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Capital assets are nonfinancial resources They are excluded from government...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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