Task: Please assist in answering the following questions. Solutions does not need to be more than a paragraph each.
Question 1. Why might the matching concept be less relevant for governments and not-for-profits than for businesses?
Question 2. Why is the budget a far more important document in both governments and not-for-profits than in businesses?
Question 3. What is the defining distinction between for-profit businesses and not-for-profit entities, including governments?
Reference: Granof, M. H., and Wardlow, P. S. (2003). Concepts of Government and Not-For-Profit Accounting. John Willey and Sons, Inc.