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How does the structure of accounting and reporting for a state or local governmentdiffer from that of a business? List the types of funds that
- How does the structure of accounting and reporting for a state or local governmentdiffer from that of a business?
- List the types of funds that organizethe financial affairsof a government.Look up your state,city,county,or school financial statement and identify two to three funds that fall under each of the categories you listed before.Include a link to the document that you used to answer this question along with stating whether you used a state,city,or school to answer the question.
- How are the activities of the general fund reported?
- Does the state,city or county statement you arereviewing this weekinclude general fund balance sheet?If so, what are some of the categories where fund is balanced, like restricted, assigned, committed, etc.?
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