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Difference between expenses and expenditures

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Reference no: EM132450307

Read (Governmental Operating Statement Accounts) and (Accounting for Governmental Operating Activities) of your Accounting for Governmental and Nonprofit entities Book (16th or 17th edition) and write a 1,700 word essay that covers the following topics:

Question 1: Difference between expenses and expenditures

Question 2: What is the importance of reporting budgeted and actual results

Question 3: Why are taxes important in governmental accounting?

Question 4: What are ad valorem? What is a property assessment?

Question 5: What is the difference between a special assessment, a license, a fine, and miscellaneous revenue?

Question 6: what are interfund loans and interfund transfers?

Reference no: EM132450307

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