With reasons

Mention whether the following statements are TRUE or FALSE (5 * 1= 5 Marks) 11. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. (TRUE / FALSE) 12. The accounting system for proprietary funds shouldn't provide for integration of budgetary accounts. (TRUE / FALSE) for 13. Separate columns must be provided in the government-wide financial statements governmental activities, business-type activities, and fiduciary activities. (TRUE / FALSE) 14. A statement of revenues, expenditures, and changes in fund balances is used to report the inflows and outflows of current financial resources of governmental funds. (TRUE/ FALSE) 15. Government-wide financial statements report financial transactions related to the governmental, business-type, and fiduciary activities of the government. (TRUE / FALSE)