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Accounting

1. Explain and justify the difference between the treatment of estimated uncollectible taxes in fund accounting and the treatment of estimated bad debts in commercial accounting.

2. A disbursement by the general fund to another fund may be recorded as a receivable, an expenditure, or a fund transfer. Explain the circumstances that would result in each of these different treatments.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407603

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