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A Government Accounts for Inventory on the Consumption Basis (Example)

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A Government Accounts for Inventory on the Consumption Basis Name Institutional Affiliation Date A Government Accounts for Inventory on the Consumption Basis Why do some accountants believe that it should offset the year-end inventory balance with a fund balance—non-spendable when no comparable fund balance is required for cash taxes receivable or most other assets? According to Granof & Khumawala (2013) accountants majorly offset the fund balance with the year-end inventory balance since they believe it is necessary for actions to lead to constraining of resources by external parties and legal frameworks. This has is expected to use exact accounting to present the capital projects and activities of the debt services in its wide statements. Further the accounting approach should feature the costs of depreciation and capital expenditures incurred by the government. References Ariail D. L. Durden J. Leathart M. & Chapman-Vasill L. (2012). Avondale Estates: A Case Study in Governmental Accounting and Auditing—A Historical Approach. Issues in Accounting Education Teaching Notes 27(2) 1-32. Granof M. H. & Khumawala S.B. (2013). Government and Not-For-Profit Accounting: Concepts and Practices (6th Ed.). Hoboken NJ: John Wiley & Sons Inc. [...]

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Why do some accountants believe that it should offset the year-end inventory balance with a fund balance—non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets? How should governments report their capital projects and debt service activities in their government-wide statements? Need 2 scholar references to be included. 2 Pages, APA format

Subject Area: Accounting

Document Type: Paraphrasing

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $15

Words 550

Pages 2

Completed in 2 days

Expert Akademia Raita

Client Review

Excellent writer, completed work before deadline with great references. highly recommended.

Positive
07.09.2017

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