Accounting for enterprise funds
How do you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds? Summarize the reasons both for and against accounting for enterprise funds differently than governmental funds.
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efferson County established a capital project fund in 2011 to build low-income housing with the transfer of $100,000 from the General Fund. The following transactions occurred during 2012:
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Pumpkin Bags (PB) is a desiger of high quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse.
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