The general fund is defined as the fund used to account

Assignment Help Accounting Basics
Reference no: EM13868897

The General Fund is defined as the fund used to account for all financial resources not accounted for in another fund, but it is actually much more than that. Explain why. 

Reference no: EM13868897

Questions Cloud

When the modified accrual basis of accounting is used : When the modified accrual basis of accounting is used, can be accrued before cash is received, and explain why the accrual can be made.
Differences between full accrual accounting and modified : Do the differences between full accrual accounting and modified accrual accounting apply to revenues, expenditures, or both? Explain.
Company must complete for an uncertain tax position : What are the two steps that a company must complete for an uncertain tax position?
Differences between a general fund and a special revenue fun : What are some similarities and differences between a General Fund and a Special Revenue Fund?
The general fund is defined as the fund used to account : The General Fund is defined as the fund used to account for all financial resources not accounted for in another fund, but it is actually much more than that. Explain why.
This deferred tax asset differ under u.s. gaap and ifrs : If a company believes that it is more likely than not to have future taxable income
Reducing estimated sales tax revenues : He legislature revised the budget by reducing estimated sales tax revenues by $ 125,000 and reducing the appropriation for General government all other by $ 75,000.
What is the available appropriation for each function : Prepare the revenues and expenditures subsidiary ledgers for the 2013 events and transactions of Lawton City listed in P3- 7. What is the balance for each revenue source after the final transaction? What is the available appropriation for each fun..
Deferred tax asset or deferred tax liability, and calculate : Frankfort Company identifies depreciation as the only difference for future taxable amounts. In Year 1, its depreciation for financial reporting purposes is $3,500 and $5,000 for income tax reporting purposes.

Reviews

Write a Review

Accounting Basics Questions & Answers

  They expect to have various cash inflows but no additional

kowalski distributors has invested 40000 in a project. they expect to have various cash inflows but no additional cash

  Payworld inc sells playground equipment to schools and

1. playworld inc. sells playground equipment to schools and municipalities. invoices are mailed at the end of each

  Management acting in the shareholders best interests

Your company's management immediately begins fighting off this hostile bid. Is management acting in the shareholders' best interests? Why or why not?

  Describe your knowledge and experience performing financial

describe your knowledge and experience performing financial andor accounting analyses. what tools did you use to

  Sales salaries 115000 federal income tax withheld 32000

the summary of the payroll for the monthly pay period ending july 15 indicated the following sales salaries 115000

  Auditing standards prohibit the auditor from issuing a

auditing standards prohibit the auditor from issuing a report if not independent. an interresting situation can arise

  Jones is seriously ill and has 6 million of property that

jones is seriously ill and has 6 million of property that he wants to leave to his four children. he is considering

  Dexter corporation which uses a job costing system had two

dexter corporation which uses a job costing system had two jobs in process at the end of 20x0 job no. 59 wip balance

  Additional shares of common stock

How many additional shares of common stock could Carnival Corporation sell? How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?

  Starkey companys sales current assets and current

starkey companys sales current assets and current liabilities all in thousands of dollars have been reported as follows

  At the beginning of the year the firm purchased new

1.the beginning balance of ppampe is 50000 in 2014 and the beginning balance is shown as 80000 in 2015 .2. the firm

  Accounting changes-error corrections

Molina Company's reported net incomes for 2015 and the previous two years are presented below.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd