What is the appropriate accounting for each of the phases, Capital projects funds and Debt services fund?
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What is the appropriate accounting for each of the phases, Capital projects funds and Debt services fund?
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- When do liabilities show up in a fund's financial statements based on current financial resources measurement?The long-term asset account group is used for which of the following funds? Enterprise Capital Projects Internal Service General Both b and ddescribe and contrast Capital Projects Funds and Debt Service funds
- What other sources provide resources for capital projects funds?Prepare a Balance Sheet for the governemental Funds assumiong all unexpended spendable net resources in the capital projects fund are classified as restricted and in the debt service fund are classified as assigned.While preparing the Funds Flow Statement, the Sources and Uses of Funds are to be disclosed clearly so as to highlight the Sources from where the Funds have been generated the Uses to which these Funds have been applied.Discuss the statement, explaining the various items that are considered as sources and applications of fund while preparing a Funds Flow Statement.
- Which of the following uses the flow of current financial resources measurement focus? a. Internal Service Fund b. Agency Fund c. Special Revenue Fund d. Enterprise FundWhich fund category accounts on a modified accrual basis? What are the revenue and expense recognition requirements for the modified accrual basis of accounting?How are interfund transfers reported in fund financial statements?