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Q: What is difference between fund accounting and commercial accounting?
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What is the Difference between government accounting and financial accounting?

The biggest difference is that government account is non-profit and based on funds....also called fund accounting. They do not have profits. Financial accounting tracks income and have or hope to have a profits.


Is mutual fund accounting different in Omaha, NE?

There is no real difference in a mutual fund accounting in any area. The only thing to worry about is various laws in different states with mutual fund accounting.


What fund accounting?

Fund accounting is the accounting system emphasizing on accountability rather than profitability


What is the difference between person fund vs account fund?

The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.


What is an accounting equation?

sources of fund is equal to application fund


What is difference between fund and reserve?

ok ok


What has the author John P McAllister written?

John P. McAllister has written: 'Fund accounting' -- subject(s): Fund accounting


What is the difference between nationalized banks and commercial banks?

A national bank does business on a national level, for example deals exclusively with in-country clients. A commercial bank will fund foreign deals and has dealings outside of the Federal Reserve system of America.


What is the difference between provident fund and pension fund?

The difference between a pension fund and provident fund is in how the benefits are paid out. A provident fund pays all he retirement benefits in a lump sum cash benefit at retirement. A pension fund pays one third of the benefit as a lump sum at retirement and the rest is paid out over the lifetime of the beneficiary.


What is non fund based accounting?

nothing


What is the Difference between the future value of annuity and sinking fund?

future value of an annuity is a reciprocal of a sinking fund


Difference between development bank and commercial bank?

The biggest difference is the risk level. Banks are more regulated than a finance company. Finance company's maybe able to lend money or credit to someone who was unable to obtain funds from a bank.