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Offset the year-end inventory balance with a fund balance

Assignment Help Accounting Basics
Reference no: EM13700973

Instructions:
Answer the following two questions in 1-2 page document.

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?

Requirements:

Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.
For written answers, please make sure your responses are grammatically correct and free from spelling errors.
Follow the Guide to Writing and APA Requirements.

Reference no: EM13700973

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