Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

  1. How does the structure of accounting and reporting for a state or local governmentdiffer from that of a business?
  2. 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.
  3. How are the activities of the general fund reported?
  4. 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.?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Governmental And Nonprofit Entities

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

19th Edition

1260118851, 9781260118858

More Books

Students also viewed these Accounting questions

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago