Regarding governmental and non profit accounting

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Please answer the following regarding Governmental/Non Profit Accounting:

a. Although proprietary funds are often compared to for-profit businesses, there are several differences between accounting for proprietary funds and accounting for a for-profit organization. Identify and discuss two differences for each of the fund financial statements.

b. What are the three components of net position provided by GASB? Describe how a government assigns amounts to the classification?

c. Describe and explain the accounting treatment if an internal service fund recovers more or less than the costs incurred by the fund?

Reference no: EM131267731

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