1) State whether each of the following items should be classified as taxes, licences and permits, intergovernmental revenues, charges for services, fines and forfeits or miscellaneous revenue in a governmental fund. a) Sales and use taxes levied by the government. 2) Explain the income & expenditure and Receipts & payment? Draw the format with example? What is the difference of both the statement? b) Payments by citizens for use of the city pool. c) Building permits to construct a deck at a residence

1) State whether each of the following items should be classified as taxes, licences and permits, intergovernmental revenues, charges for services, fines and forfeits or miscellaneous revenue in a governmental fund. a) Sales and use taxes levied by the government. 2) Explain the income & expenditure and Receipts & payment? Draw the format with example? What is the difference of both the statement? b) Payments by citizens for use of the city pool. c) Building permits to construct a deck at a residence

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 9MC: A governmental agency can best be described by which of the following statements? A. has a primary...

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