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Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?
No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance
What is investment fluctuation fund?
investment fluctuation fund may be created out of profit ,so that any loss due to decrease in value of investment can be met out of investment fluctuation fund.
What is the excess of assets over liabilities called?
Fund balance
What does balanced fund offers?
A balanced fund offers the combination of a stock component, bond component and sometimes a money market component. These things combined balance out the portfolio.
What is fund flow statement and their uses?
Uses Of Fund Flow Statement1. The users of fund flow statement, such as investors, creditors, bankers, government, etc., can understand the managerial decisions regarding dividend distribution, utilization of funds and earning capacity with the help of fund flow statement. 2. The quantum of working capital is revealed by the schedule of working capital changes, which is a part of fund flow statement.3. The fund flow statement is the best and first source for judging the repaying capacity of an enterprise.4. The management will be able to detect surplus/shortage of fund balance.5. The fund from operation is not mentioned in the profit and loss account and balance sheet but it is separately calculated for the purpose of fund flow statement.
What would decrease liability?
Debit balance would decrease the liability as credit balance increases the liability.
Does a debit memo increase or decrease a accounts payable balance?
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
3 Upon closing the books at year-end a government should a. Debit fund balance and credit reserve for encumbrances c. Debit fund balance and credit encumbrances.?
Debit fund balance and credit encumrances because the reserve for encumbrances need not be closed because it is a balance sheet account.
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?
No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance
Where does sundry debtor appear in the trial balance?
Where does trustee Fund appear in trial balance
Is the decrease in revenue a debit?
Default balance for revenue is credit balance so to reduce a revenue account it must be something with debit balance so debit is a decrease in revenue.
What has the author Terry W Johnson written?
Terry W. Johnson has written: 'Fiscal 1994 general fund and school equalization account fund balance information' -- subject(s): Tax collection 'Fiscal 1991 general fund and state equalization account balance fund balance' -- subject(s): Tax revenue estimating, Estimates, Budget
Transaction that will decrese an asset anf decrease a liability?
Payment to the creditors Creditors Decrease Bank balance decrease
What is excess of assets over liabilities called?
Fund balance
What is investment fluctuation fund?
investment fluctuation fund may be created out of profit ,so that any loss due to decrease in value of investment can be met out of investment fluctuation fund.
Is general fund falls under income and expenditure or balance sheet?
no
