What are the two fund types within the proprietary funds? What types of events does each report?

Q: What is the purpose of reporting fund balance in five classifications? What is the difference…

A: A fund balance refers to the difference between the assets and liabilities of a government fund. If…

Q: What are the two fund financial statements for governmental funds? What information does each…

A: Introduction Government Fund Financial statements includes General Funds, Special Revenue Fund, Debt…

Q: Explain the meaning of asset and liability management through the Pool Fund Approach.

A: Asset/liability management is the technique of controlling the use of assets and cash flows in order…

Q: What is the difference between an enterprise fund and an internal service fund?

A: Fund: It can be defined as a sum of money that is made available or kept aside for a specified…

Q: what are the key characteristics of active fund management and passive fund management, focusing on…

A: Funds management is the process of managing a financial institution's cash flow. The fund manager…

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: What is the difference between a permanent fund and a private-purpose trust fund?

A: A private purpose fund refers to trust agreements where a principal or income benefits individuals,…

Q: Fund financial statements have separate columns for each activity. Which activities are reported in…

A: Governmental funds: This is the fund category which includes governmental activities in the…

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: mutual funds,

A: Mutual Funds: A mutual fund is a company that mobilizes the savings of various investors into…

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: Hame the Sub-headings under which Shareholder's Funds shall be classified in pany's Balance Sheet,

A: Solution Concept In a balance sheet there are two sides , assets and liabilities and equity In…

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

A: Government accounting:   An accounting system that is meant for recording and management of all…

Q: Managed funds are often categorised by the type of investments purchased by the fund. These include…

A: An investment is an asset or item purchased for the purpose of generating an increase in income or…

Q: Tournament fund is treated as Select one: a. Revenue receipt b. All the above points c. Capital…

A: Tournament fund- It is a fund which is made by those organizations which are established for the…

Q: A mutual fund prospectus provides: (select all that apply)   Question 3 options:   a description…

A: Mutual fund is the financial vehicle which pools in the money form various investors and invest…

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: From the following details prepare statement of proprieta funds with as many details as possible.

A: Proprietary funds are the funds which are related to the owners of the business which is actually…

Q: Discuss several mutual fund characteristics that will indicate that the fund is actively managed.

A: Followings are the characteristics of fund which is actively managed.

Q: what is the difference between imprest fund system and fluctuating fund system?

A: Petty cash funds are funds established for the purpose of small petty expenses in the business.…

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: Explain acquisition, utilization of fund and assets management with example. Explain in details.

A: Acquisition:-It is a situation where a stronger company takes over the company which is less strong…

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 is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: 8   The basis of accounting that should be used in preparing fund financial statements is:…

A: Financial statements refers to a form of written records which conveys business activities and…

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: 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…