Which of the following is not a characteristic of a fund as defined by GASB standards?
A. A fiscal entity.
B. A self-balancing set of accounts.
C. A reporting entity.
D. An accounting entity.
Answer: C
Business
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Budgeting is the process of identifying, gathering, summarizing, and communicating financial and nonfinancial information about an organization's future activities
Indicate whether the statement is true or false
Business
Which of the following would be deducted from the balance per books on a bank reconciliation?
A) Notes collected by the bank B) Deposits in transit C) Service charges D) Outstanding checks
Business
_____ is the difference between planned and actual performance
Fill in the blank(s) with correct word
Business
Briefly describe what investment income is.
What will be an ideal response?
Business