Explain why state and local governments generally record the estimated amounts of purchase orders and contracts in

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Explain why state and local governments generally record the estimated amounts of purchase orders and contracts in the accounts of budgeted government funds, whereas business entities generally do not prepare formal entries for purchase orders?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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Question Posted: Mar 21, 2017 11:22 AM

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Explain why state and local governments generally record the estimated amounts of purchase orders and contracts in

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When a purchase order or contract has been taken place it is importan...View the full answer

Accounting for Governmental and Nonprofit Entities

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