Question

A city issues five-year bonds payable to finance construction of a new school. what recording should be made?

Answer 1

A city issues five-year bonds payable to finance construction of a new school Tax anticipation notes are recorded as liabilities in both the FFS and GWFS.

To account for bonds payable to finance value of long-lived belongings offered with particular funds. what is the cause of business enterprise budget To account for operations that offer offerings to other departments inside a central authority.

An organization fund identifies the overall direct and indirect prices to offer the carrier and the sources and amounts of sales that support the service for which a rate is charged in alternate for service.

Account for the ones styles of sales which might be legally limited to being spent for a selected motive besides for expendable trusts or main capital initiatives. those sales ought to be accounted for one by one from the general Fund for a ramification of reasons.

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