1. Write in your own words HOW and WHY Government Accounting is different than Corporate Accounting ( Private Companies)

 

2. fill in the blanks suitable transactions under specific fund and solve it Record a. Journal entries and Ledger Accounts b. Statement of fund revenue expenditure and changes in fund balance c. Fund balance sheet General Fund 1. The district levied OR --- million, of which it collected OR -- million and the balance is collectible after year end. 2. The district incurred OR -- million in million. Special Revenue Fund 3. The district received a state grant of OR ---million to- 4. The district spent- of which it actually paid OR -- for OR-million using the state grant. Capital Project Fund 5. The district issued OR--- million in long term bonds to 6. The district spent on - for OR -- million. Transfer of Funds 7.The district transferred OR -- million from to Fund