Explain what is meant by the sentence, A fund is a fiscal and an accounting entity.

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Explain what is meant by the sentence, “A fund is a fiscal and an accounting entity.”

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Jan 11, 2014 09:26 AM

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Explain what is meant by the sentence, A fund is a fiscal and an accounting entity.

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As a fiscal entity a fund has its own resources and can in...View the full answer

Accounting for Governmental and Nonprofit Entities

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