1. How can you distinguish accounting in government organizations with the accounting in business organizations considering the recording of revenues, expenses, assets and liabilities and the preparation of financial statements? ( A minimum of five differences in detail) 2. Private purpose trust funds and agency funds are fiduciary funds that account for resources held by a government unit in a trustee capacity. How could you differentiate these two types of funds? ( A minimum of five differences in detail) A. How do you differentiate fund accounting from the accounts of business organization and why government accounting is called fund accounting?