What is meant by budgetary accounting

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Question - Answer the following in detail

1. What is meant by "budgetary accounting"? Explain accounting for expected revenue and anticipated expenditures.

2. What is the basis of accounting in the proprietary funds? Why?

3. Explain the difference between combining financial statements and combined financial statements.

4. Explain the difference between combining financial statements and combined financial statements.

5. What is the relationship between debt service fund and general long-term debt account group?

6. What are the generally accepted principles of state and local government? Explain each of them in short.

Reference no: EM132573953

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