Define electronic funds transfer (EFT)

Q: accounts o

A: Modified accrual basis of accouting is generally used by the government agency or say government. it…

Q: Which of the following is an example of an interactivity transaction?a. Money is transferred from…

A: Interactivity transactions:   The transactions which occur between the government funds and the…

Q: What is the nature of the account Fund balance with Treasury? When is that account debited, and when…

A: Nature of accounts helps management to record the financial transactions as per double entry system…

Q: Finance is the efficient acquisition, allocation, and utilization of funds. Briefly discuss each…

A: Finance is all about the acquisition of funds in the most optimal manner, then allocating the…

Q: Explain a typical ADI’s sources and uses of funds

A: A commercial bank may be a financial institution that accepts deposits, provides bank account…

Q: lain the flow of funds in the financial system

A: For economic transformation, the financial system is the key to the economy. Finance assists in…

Q: What are the two different ways that supplies and prepaid items can be recorded on fund financial…

A: There are two different methods to record supplies and prepaid items on fund financial statements:…

Q: mechanism ensure that funds have been properly allocated and spent

A: Proper Allocation of Funds: Proper allocation of fund is very important for the effective and…

Q: Explain the distinction/s between custodial funds and trust funds. What financial statements…

A:

Q: Explain the difference between asset allocation funds and lifecycle funds

A: Asset allocation Funds make investments in different asset classes based on the efficient frontier…

Q: Define tapping fund assets

A: Fund asset: It can be defined as the value of cash, securities, and other holdings related to a…

Q: financial plan which serves as a framework of accounts A. Appropriation act B. Budget C.…

A: Introduction:- A financial plan is the heart of any business. It gives clear financial picture of…

Q: Accounting for permanent funds closely resembles the accounting for a. internal service funds. b.…

A: Fund: Funds refer to an amount of money which is set aside or saved by individuals, government, and…

Q: What is the electronic fund's transfer (EFT) system?

A: Todays generation is introduced to digital payments and any business whether it be large or small…

Q: Defines the meaning of Capital Projects Fund and Debt Service Funds.

A: Capital Project Fund means a fund used to account for financial resources to be used for the…

Q: By selecting one among the Balance Sheet, Income Statement, Cost of Sales Table, Fund Flow Statement…

A: Financial statements are the reports or documents that are being prepared by the management of the…

Q: Show the treatment of items of Income and Expenditure Account whenthere is a specific fund for those…

A: There are various sources of receipts like donations, subscriptions and government grants. Donations…

Q: Describe the changes in balance sheet accounts that would constitute sources of funds. What changes…

A: The question is based on the concept of constituents of fund flow statement, the statement is…

Q: In funds flow statement, repayment of long-term loans is [A] application of fund [B] source of cash…

A:

Q: Define target cash balance

A: Target cash balance - it is a level of cash balance that an entity have to hold or reserve for its…

Q: Define cash disbursements.

A: Cash disbursement, also known as money installments, in auditing refers to installments made by an…

Q: Describe the disclosure requirements for an Enterprise Fund. Explain how disclosure assists users of…

A: Agencies reporting enterprise funds (a type of proprietary fund) or using enterprise fund accounting…

Q: Explain Movement of Funds through Financial Environment.

A: The financial environment includes investors, firms, and markets as the major player. This sector…

Q: State the kinds of note disclosures that need to be made to help users understand the nature of…

A: Question is answered based on Government Accounting. A general fund is a primary fund used by a…

Q: Which of the following is an example of an interactivity transaction? Money is transferred from the…

A: Interactivity transactions:   The transactions which occur between the government funds and the…

Q: e: Sources and Uses of Short-Term and Long-Term Funds

A: Two main sources of finance are: 1. Internal sources 2. External sources. Company requires funds for…

Q: lec

A: Explanation : In simple words, banks can be understood as the financial institutions that work as a…

Q: explaining the various items that are considered as sources and applications  of fund while…

A: Fund flow statement is a statement prepared to know the reason for change in the financial statement…

Q: The funds invested in current assets are termed as

A: When a business is incorporated by the owners, there are some investments made by the…

Q: explain the purpose of a change fund   explain how cash short and over can be miscellaneous expense

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are types of activities are reported in Custodial Funds?

A: Custodial funds Custodial funds are classified as fiduciary funds under GASB rules when they are not…

Q: Cash received electronically through an electronic funds transfers (EFT)

A: Internal control represents the reasonable assurance that the employees of the company have not been…

Flow of Funds

The flow of funds is the financial accounts of the nation, which monitor and control the cash flow among various sectors or industries, or markets. Central banks use these flow of funds statements to acquire macroeconomic data, to publish cash inflow and cash outflow statements of the nation. This flow of funds system is utilized to identify economic activity and changes in the economy. It is used by Federal Reserve to determine the Gross Domestic Product (GDP) of the nation and to implement monetary policy and fiscal policies.