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Essay specific features
Written by:
Jose M
Date added:
October 23, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 357
Was viewed:
2763 times
Rating of current essay:
Essay content:
Due from Clerk’s office 2,500
Operating Revenues 2,500
To record billing to other departments
6. Operating Expenses 9,000
Cash 9,000
To record various operating expenses
7. Depreciation Expenses 2,400
Accumulated Depreciation 2,400
To record depreciation expenses
Chapter 10 Question #1:
Permanent funds are used to account for nonexpendable resources that must be used in support of the reporting government’s own programs...
displayed 300 characters
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Permanent funds support government-owned museums; provide for perpetual care of public cemeteries; supplement the compensation of public university faculty; provide student financial aid; and fund research at government-owned hospitals. Permanent funds are classified as governmental funds.
Fuduciary funds are used to account for resources held in a trustee capacity for parties other than the government itself...
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