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Q: What is trust fund in public sector accounting?
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SBI mutual fund


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The symbol for First Trust NASDAQ-100-Technology Sector Index Fund in NASDAQ is: QTEC.


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Public sector cash comes from the government (ie the tax-payer) Private sector fund come from donations (either by individuals or businesses)


What is vote book in public sector accounting?

Public sector accounting is Government accounting. They have a tradition of calling a General Ledger account code a Vote Code. It is usually Cash Accounting as distinct from Accrual Accounting. The Vote Book is the Cash Book. The Chart of Accounts is the Chart of Vote Codes. As an example, the GL account code structure may be Fund Code and Vote Code. The Fund Code is the bank account and may be "G" for General Fund. The Vote Code may be 2101 where the first character 2 is for expense (1 is for Income) and 2101 may be for PURCHASES- OFFICE. They are very concerned about Budgets and Actuals with Monthly reporting showing how Actuals are performing against Budgets. The objective is not profit and loss but spending the whole budget by the end of the budget year.


Does a trustee of a discretionary trust have to reveal the amount of the trust fund to a discretionary beneficiary?

A beneficiary of a trust has the right to an accounting as a way to make certain the trust assets are not being wasted or mishandled by the trustee. A trustee does not have the right to operate in secret. A court can order an accounting.


Who helped fund railroad construction?

The government pitched in resources and money to help fund the railroads. Also, the public sector helped in general.


What fund accounting?

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


What is vote book in public sector?

Public sector accounting is Government accounting. They have a tradition of calling a General Ledger account code a Vote Code. It is usually Cash Accounting as distinct from Accrual Accounting. The Vote Book is the Cash Book. The Chart of Accounts is the Chart of Vote Codes. As an example, the GL account code structure may be Fund Code and Vote Code. The Fund Code is the bank account and may be "G" for General Fund. The Vote Code may be 2101 where the first character 2 is for expense (1 is for Income) and 2101 may be for PURCHASES- OFFICE. They are very concerned about Budgets and Actuals with Monthly reporting showing how Actuals are performing against Budgets. The objective is not profit and loss but spending the whole budget by the end of the budget year.


What is the symbol for First Trust ISE Global Platinum Index Fund in NASDAQ?

The symbol for First Trust Capital Strength ETF in NASDAQ is: FTCS.