Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds. Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose. To explain :the difference between special revenue fund and enterprise funds.

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Answer 1

Question

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

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

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Answer 2

Question

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

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Answer 3

Question

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

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Answer 4

Question

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

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Answer 5

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

Answer 6

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

Answer 7

Chapter 18, Problem 18.4Q

To determine

Enterprise fund: the government sometimes offer goods or services for sale to the public. The amounts charged to customers are intended to recover all or most of the cost of these goods or services. Such operations are accounted as enterprise funds. Enterprise fund is one of two proprietary funds.

Special revenue fund: it is an account established by government for money collected for specific project. Special revenue funds provide extra level of transparency and accountability to taxpayers that their tax dollars are used for appropriate purpose.

To explain:the difference between special revenue fund and enterprise funds.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 18 - In what circumstances would a governmental unit...Ch. 18 - Prob. 18.2Q Ch. 18 - Prob. 18.3Q Ch. 18 - Prob. 18.4Q Ch. 18 - What is the basis of accounting in the proprietary...Ch. 18 - Prob. 18.6Q Ch. 18 - Prob. 18.7Q Ch. 18 - What are the primary differences between a...Ch. 18 - Prob. 18.9Q Ch. 18 - Prob. 18.10Q

Solution Summary: The author explains the difference between a special revenue fund and an enterprise fund.

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