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still not answered is there any problem?? here is the post no body answer it from two days i need a response for that What
still not answered is there any problem??
here is the post no body answer it from two days
What differences would you expect to find between the accounting principles for the General Fund and for Special Revenue Funds? The general fund is a government's basic operating fund and accounts for everything not accounted for in another fund. Used to account for all financial resources that are not restricted to specific purposes or otherwise required to be accounted for in another fund. Special revenue funds are intended to be used to report specific revenue sources that are limited to being used for a particular purpose, such as transportation aid. In practice, governments also use them to report: all of the financial activities associated with a single function (such as road maintenance); classes of revenues (for example, all federal grants); and "rainy day" resources. It exists as long as the government has resources dedicated to specific purposes. There should be no differences between the accounting principles for the General Fund and for Special Revenue Funds. The only difference between the two fund types is the functions or activities they might be used to finance. Whereas, the General Fund can usually be used for any reasonable governmental purpose agreed upon by the governing body, Special Revenue Fund resources are dedicated (usually by law, regulation, or contractual agreement) to one or a few specific purposes or activities need a response for this paragraph please i need a response for that
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