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What is the difference between agency funds and governmental funds?
Wiki User
∙ 12y ago
Trust Funds are set up as legal entities for the benefit of a particular group or named beneficiary. Trust relationships are generally established through formal trust agreements. Governments have more of a degree of involvement in decision-making for trust agreements.
Agency Funds are used to account for funds held by a government temporally for individuals, private organizations, and/or other governmental units. The fund assets are offset by liabilities equal in amount; no fund equity exists. It has an indefinite term which means that while assets continue to be collected or held for others. Both funds are often identifies in governmental financial reports for fiduciary funds
Wiki User
∙ 12y ago
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What are the key differences between owners funds and borrowed fund?
The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.
Why are there no capital assets in governmental type funds?
There are no capital assets in governmental-type funds because those funds account only for inflows and outflows of financial resources. Governmental-type funds can be used and indeed are used to acquire capital assets. When that happens, however, the accounting within the funds is such that there is an expenditure of financial resources, rather than an exchange of a financial resource for a capital asset. Capital assets are reported in government-wide financial statements, but not in fund financial statements.
What is the difference between source of funds and sources of funds?
sources of fund means from where the capital we are getting & source of fund means how we can get the capital.
What are the differences between owners fund and borrowed fund?
The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.
When an agency reprograms funds there is no change in the total amount available in the?
agency budget
What is the difference between funds and fund?
The major difference between stocks and mutual funds is that stocks are an investment in a single, individual company, while mutual funds are made up of many stocks and are typically managed by a broker. Mutual funds are generally considered safer investments than stocks, as they reduce the risk of lost, but also reduce the chance of gain.
What is difference between stock and mutual funds?
The major difference between stocks and mutual funds is that stocks are an investment in a single, individual company, while mutual funds are made up of many stocks and are typically managed by a broker. Mutual funds are generally considered safer investments than stocks, as they reduce the risk of lost, but also reduce the chance of gain.
What is the difference between stocks and mutual funds?
The major difference between stocks and mutual funds is that stocks are an investment in a single, individual company, while mutual funds are made up of many stocks and are typically managed by a broker. Mutual funds are generally considered safer investments than stocks, as they reduce the risk of lost, but also reduce the chance of gain.
Difference between bonds shares and mutual funds?
The difference between bonds shares and mutual funds is in their definition. Bond shares refers to the individual shares that an investor owns in a company while mutual fund is the collection of all the stocks and shares in a company.
What are governmental fiduciary funds?
Fiduciary funds are those used to account for funds held by the government in trust for others that cannot be used to support the government's programs, for example, an employee pension fund.
What is the difference between mutual funds and index funds?
Index funds are a type of mutual fund that invests in the stocks of a specific market index, attempting to maintain a value per unit that tracks that index.
The agency that distributes funds to the needy is the state?
Welfare department
