Why do governmental entities use fund accounting? How many funds might be used by a single governmental
Question:
Why do governmental entities use fund accounting? How many funds might be used by a single governmental unit? How many fund types?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A fund is a separate fiscal and accounting entity with a self...View the full answer
Answered By
William Otieno
I am a professional tutor and a writer with excellent skills that are important in serving the bloggers and other specialties that requires a great writer. The important aspects of being the best are that I have served so many clients with excellence
With excellent skills, I have acquired very many recommendations which have made it possible for me to survive as an excellent and cherished writer. Being an excellent content writer am also a reputable IT writer with essential skills that can make one turn papers into excellent result.
4.70+
83+ Reviews
354+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
How could customer relationship marketing be used by a travel agency, and why would it likely improve the travel agency's customer satisfaction and retention?
-
Explain how industry norms might be used by the financial manager in the design of the companys financing mix.
-
Describe how Web 2.0 tools might be used by any of the managers depicted in Figure 10.1, a horizontal perspective of the OE/S process, or in Figure 10.2, a vertical perspective of the OE/S process.
-
Cindy purchased a building for $1,000,000. How should she deal with the expense on her tax return? a) She must deduct the $1,000,000 in the year of purchase. b) She must not deduct anything and wait...
-
On February 1, Willmar Corporation borrowed $100,000 from its bank by signing a 12 percent, 15-year note payable. The note calls for 180 monthly payments of $1,200. Each payment includes an interest...
-
In October 2018, the media reported that technology giant Google responded to what were deemed credible sexual assault claims against a former executive by paying him $90 million and praising him as...
-
Given that there is a fixed supply of land in the world, what implications can you draw from Figure 1 about the effects of an increase in world population for food output per head?
-
Pedro Martinez, who retired from Major League Baseball in 2012, had a stellar career, helping the Boston Red Sox to their first World Series title in 86 years in 2004. The next year he became a free...
-
QUESTION THREE You have been given the following balances from the books of Shawama General Dealers for the year ended 31 May 2017. Sales Purchases Cash received from customers Cash paid to suppliers...
-
Product A is assembled from two units of S1 and three units of S2. S1 is made of one unit of C1, four units of C2, and one unit of C3. S2 is made of three units of C2 and two units of C3. a. Draw a...
-
What are the characteristics of a government?
-
Distinguish between governmental funds, proprietary funds, and fiduciary funds. Which funds are classified as governmental funds?
-
State, with reasons, whether the following pairs of matrices are equal: 4 4 -11 3 1-1 a. A = b. C = c. E = B = 121 254 4 3 1 -1 4 1 12 121 [134]). D=[#] 23 23 14 121 F= * = [24]
-
Learn with an If T=[[-4,-7]] and U=[[1,1],[-1,-4]], what is TU? If the matrix exists, select its size before entering you select undefined.
-
Briar Patch Dolls, Inc. v. Teeny Tiny Manufacturing Co., a contract case. Using the method described in the Affirmative Defenses section of the text, make an initial determination of what affirmative...
-
Let f(x)= 6x+18 r2 52 24 - Calculate lim f(x) by first finding a continuous function which is equal to f everywhere except z = -3. 3 8112 lim f(x)= #113
-
In a Poisson distribution, u = 4.90 (Round your answers to 4 decimal places.) a. What is the probability that x = 2? Probability b. What is the probability that >1? Probability
-
es E6-8 (Algo) Reporting Bad Debt Expense and Accounts Receivable LO6-2 At the end of the prior year, Durney's Outdoor Outfitters reported the following Information. Accounts Receivable, December 31,...
-
An adjusted trial balance at 31 December 2016 for a toy manufacturer is given below: 1. In the balance sheet, prepared at 31 December 2016: a. What would be the balance of total current assets? b....
-
What are three disadvantages of using the direct write-off method?
-
Identify the following compounds. (a) C0H0O NMR: 8 2.82 (6H, s), 8 8.13 (4H, s) IR: 1681 cm-, no 0-H stretch (b) C-H0ONMR: 8 9.8 (1H, s), 8 1.1 (9H, s) NMR in Fig. P19.66 (p. 1002) IR: 1701 cm-, 970...
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
Fontana Company developed a specialized banking application software program that it licenses to various financial institutions through multiple-year agreements. On January 1, 2011, these licensing...
-
It is January 1, 2019. Find the present value of a $100 perpetuity when the first payment is at the end of year 2019. The discount rate is 6%. It is January 1, 2019. Find the present value of a $100...
-
Valley Bank has an average interest rate of 10% on %500 million of loans and securities, an average interest rate of 5% on $400 million of deposits and other borrowed funds, noninterest revenue of...
-
The current value of your portfolio is $850,000 with an expected return of 1.5% and a beta of 1.1. You are adding 15,000 shares Neuvo Inc. at at a current market value of $150,000 to your portfolio....
Study smarter with the SolutionInn App