ACCT 567 Governmental Accounting Transactions

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ACCT 567 Governmental Accounting Transactions
What is the difference between an expenditure and an expen…

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ACCT 567 Governmental Accounting Transactions

ACCT 567 Governmental Accounting Transactions

Discussions Week 2 All Students Posts 36 Pages

Please provide an explanation as to why accounting transactions for governmental activities as the governmental-wide level tend to be reported differently than transactions for the General Fund? Could you cite some examples? What is the difference between an expenditure and an expense and why do governmental funds records expenditures rather than expenses? When is an expenditure recognized in the accounting records versus when an expense is recognized?…