Please answer the following regarding governmentalnon, Ask an Expert

Accounting

Please answer the following regarding Governmental/Non Profit Accounting:

a. Although proprietary funds are often compared to for-profit businesses, there are several differences between accounting for proprietary funds and accounting for a for-profit organization. Identify and discuss two differences for each of the fund financial statements.

b. What are the three components of net position provided by GASB? Describe how a government assigns amounts to the classification?

c. Describe and explain the accounting treatment if an internal service fund recovers more or less than the costs incurred by the fund?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92022479

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