(Reporting for fiduciary-type funds) Several types of fiduciary funds and several financial statement classifications used in those...
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(Reporting for fiduciary-type funds) Several types of fiduciary funds and several financial statement classifications used in those funds are listed here. Match the fund type (or types) with the financial statement classifications that would probably be found on the state- ments for that fund type. Pension Trust Fund Investment Trust Fund Private-Purpose Trust Fund Agency Fund PTF ITF PPTF AF 1. Net assets held in trust for benefits 2. Amounts owed to contractors in a Bid Deposits Fund 3. Assets held for rightful owners 4. Investments (at fair value) 5. Benefits paid 6. Due to local governments 7. Employer contributions
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Introduction To Government And Not For Profit Accounting
ISBN: 9780130464149
5th Edition
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch
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