Why a particular fund out of which reimbursement is to be made, makes the instrument unconditional

Q: The long-term assets and liabilities are not generally accounted under general funds however it…

A: Long term assets are assets that a company uses in its production process and with a useful life of…

Q: Which of the following statements is true? O a. The principal of permanent funds are classified as…

A: Permanent Funds: It may be referred to as a fund wherein the principal amount isn't being utilized…

Q: Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension…

A: Capital projects funds are utilised for accounting the financial resources which is in turn used for…

Q: Proprietary fund financial statements are prepared based on which one of the following basis of…

A:

Q: The permanent fund is one of the several types of governmental funds. a. True b. False

A: Governmental funds : In fund accounting system, the government funds are categorized into three…

Q: T/F. A major contentious issue with Internal Service Fund is the distribution of losses to various…

A: Internal Service Fund is the reserve created with the motive to provide the goods, services or…

Q: 6   Which of the following should not be reported on the balance sheet of the General Fund?…

A: A general fund is a primary fund used by the government. It records all the inflows and outflows…

Q: Which of the following is not a governmental fund? Choose the correct.a. Special revenue fundb.…

A:

Q: Negotiable instruments are transferable in nature, allowing the holder to take the funds as cash or…

A: Negotiable instrument can be defined as the documentation that guarantees the payment of a specified…

Q: plain the difference between a f

A: Fund of funds : A mutual fund strategy that engages in other mutual fund schemes is known as a Fund…

Q: What equal series of payments must be paid into a sinking fund in order toaccumulate each given…

A: Here i am the each given amount: (a) $1,700 in 10 years at 8% compounded semiannually when payments…

Q: What are the characteristic of a proprietary fund? How do internal service funds and enterprise…

A: The question is based on the concept of Accounting theory

Q: Which of the following is not a fiduciary fund? a. Permanent fund b. Agency fund c. Investment trust…

A: Answer:   Option a

Q: Which fund category uses modified accrual basis of accounting? What are the recognition rules of…

A: The government uses a different way to report their financial statements than the private sector…

Q: 180. Which of the following is a required financial statement for an investment trust fund? a.…

A: As per our protocol we provide solution to the one question only but as you have asked two questions…

Q: Why are special revenue funds restricted and what would happen if they were used for other purposes?

A: As the special revenue fund is a special revenue that are specific or specified to a project in…

Q: Which of the following funds are classified as proprietary funds? Group of answer choices a.)…

A: The fund which is used to account for the business transactions are proprietary funds. These…

Q: What is discretionary distribution in trust fund? And Give (1) example that is easy to understand

A: A trust fund is a legal entity that holds property on behalf of some other person or some other…

Q: 180. Which of the following is a required financia statement for an investment trust fund? a.…

A: Investment trust fund refers to the public limited companies that are closed ended, which states…

Q: a.) How much is the total Statutory Reserves of Your Cooperative? b.) How much is the Optional…

A: Ans. 150,000 Explanation: As per Financial Reporting Framework for Cooperatives, statutory reserve…

Q: What are the four fund types within the fiduciary funds? What types of events does each report?

A: Definition:   A fiduciary fund is required in legislative bookkeeping to give an account of benefits…

Q: Which of the following is not considered an “other long-term investment?” Sinking fund Preference…

A: The question is multiple choice question  Required  Choose the Correct Option.

Q: ör Fålšé questions E. Resources flowing into and out of a fund means that the fund is an accounting…

A: An individual, association, or organization that engages in economic activities and controls…

Q: Which fund(s) could contain an amortization of a bond premium? O Government Wide Only O Debt Service…

A: Bonds can be defined as the corporate debt instruments that are issued by corporations or companies…

Q: Which of the following neither increases nor decreases fund balance of the General Fund during the…

A: A general fund is prepared by the government entity to record all inflows and outflows which are not…

Q: he fund that records the payment of principal and interest associated with long-term debt is the…

A: Debt Service Fund- It is used to record the payment of principle and Interest on long term…

Q: Which of the following statements is correct? The General Fund, Special Revenue, and Debt Service…

A: The accrual basis is a technique of accounting that records revenue as it is earned and expenses as…

Q: State the key characteristics of active fund management and passive fund management, focusing on how…

A: Fund management refers to the process of managing a financial institution's cash flow and the fund…

Q: ow core deposits and purchased funds work ?

A: Commercial banks: It is the financial institution that accepts deposits from the public and gives…

Q: Does the modified accrual accounting method apply to this kind of fund? What are the requirements…

A: Introduction: Another accounting approach is adjusted gathering bookkeeping, which combines…

Q: What types of special revenue funds are beneficial?

A: Funds are the balance that has been kept by the company or the government so that any contingencies…

Q: ________________ is the action by which OMB distributes amounts available for obligation, including…

A: Receiving, managing, obligating, and tracking the use of appropriated funds are all part of the…

Q: Which of the following funds accounts for legally restricted resources for which only the earnings…

A: Governmental funds are classified as: General funds Special revenue funds Capital projects funds…

Q: Which one of the following fund accounting required to prepare a statement of cash flow?  a.…

A: Fund accounting refers to the accounting system used for keeping a record of the resources received…

Q: recognition, an item is captured for inclusion in a. The Fund Flow statement b. The Journal c. The…

A: An item is captured for inclusion in the journal,cash flow ,fund flow and the statement of financial…