Harvey city comprehensive case | Accounting homework help
Please turn in at least a two (2) page paper following APA formatting.
Topic: HARVEY CITY COMPREHENSIVE CASE
The fiduciary fund used in the case is a Pension Trust Fund. Compare the primary forms of accountability as among (1) the General Fund and Special Revenue Funds, (2) Capital Projects Funds, and (3) Trust and Agency Funds.
Is it possible and/or permissible to account for more than one type of trust or agency relationship within a single Trust Fund or Agency Fund? Explain.
How could internal (interfund or intragovernmental) Agency Funds be used to facilitate a governmental unit’s financial management and accounting processes?