what is the difference between imprest fund system and fluctuating fund system?

Q: Discuss Present Value of Perpetuities?

A: Perpetuity is the stream of cash flows or payments that are made at equal intervals that do not have…

Q: Briefly discuss the significance of the Trust Fund Doctrine.

A: Trust fund doctrine is a principle of judicial invention which says that corporate assets are held…

Q: Differentiate between Closed-End and Open-End funds

A: The question is related to Mutual Funds. On the basis of functional classification funds are of two…

Q: accounts o

A: Modified accrual basis of accouting is generally used by the government agency or say government. it…

Q: T/F. A major contentious issue with Internal Service Fund is the distribution of losses to various…

A: Internal Service Fund is the reserve created with the motive to provide the goods, services or…

Q: What are some similarities and differences between a General Fund and a Special Revenue Fund?

A: The government collects revenues in the form of taxes and duties and maintains the funds for public…

Q: What is the difference between an enterprise fund and an internal service fund?

A: Fund: It can be defined as a sum of money that is made available or kept aside for a specified…

Q: rces in the general fund get assigned to a specific

A: Resource  allocation is considered to  important  part of business and investment . it is important…

Q: plain the difference between a f

A: Fund of funds : A mutual fund strategy that engages in other mutual fund schemes is known as a Fund…

Q: difference between owner fund & borrowed fund

A: The funds can be raised from various sources of finance such as equity, preference shares, debt in…

Q: What is the purpose of emergency fund?

A: Emergency Fund: An emergency fund is a vital corpus that must be set up in case of unforeseen…

Q: What are the characteristic of a proprietary fund? How do internal service funds and enterprise…

A: The question is based on the concept of Accounting theory

Q: What is the difference between a permanent fund and a private-purpose trust fund?

A: A private purpose fund refers to trust agreements where a principal or income benefits individuals,…

Q: What are blocked funds? List and explain two of the three methods for dealing with blocked funds.

A: A blocked fund is defined as money or capital realized when a foreign operation involving the…

Q: What’s the difference between a call for sinking fund purposes and a refunding call?

A: Sinking fund: A sinking fund is a fund comprising money keep back or saved to settle a debt or bond.…

Q: a b C d e Sinking Fund Payment Payment Period every 6 months every year every 3 months every month…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Please describe a special revenue fund you find particularly beneficial.

A: A special revenue fund is a govt account that gathers money for a specific project. Special revenue…

Q: What is the electronic fund's transfer (EFT) system?

A: Todays generation is introduced to digital payments and any business whether it be large or small…

Q: what is actuarial valuatio and explain the advantages and disadvantages of carrying out this…

A: Actuarial valuation is a process conducted by actuaries to assess the financial position of a…

Q: Explain the different types of funds categories?

A: Funds can be defined as the pool of money from an individual, company, or cooperation that is…

Q: E6-10 Godfreid Company has accounts receivable of $95,400 at March 3 31, 2017, there is a $2,100…

A: Total estimated Uncollectible  = Balances on 31 March 2017 ×  Estimated % uncollectible

Q: What is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: What types of special revenue funds are beneficial?

A: Funds are the balance that has been kept by the company or the government so that any contingencies…

Q: What are types of activities are reported in Custodial Funds?

A: Custodial funds Custodial funds are classified as fiduciary funds under GASB rules when they are not…