Could a profit-oriented enterprise use fund accounting


1. Could a profit-oriented enterprise use fund accounting practices? Comment.

2. How many members serve on the GASB? How many votes are needed to issue a pronouncement?

3. What is the purpose of the book, Codification of Governmental Accounting and Financial Reporting Standards?

4. Under GASB, which statement has been the most substantial pronouncement?

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Finance Basics: Could a profit-oriented enterprise use fund accounting
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