Invested assets would be accounted for as follows

  • Creator
    Topic
  • July 4, 2016 at 6:56 am #203403
    shawnl112
    Spectator

    Please explain

    The city of opulence maintains an investment pool to invest idle cash. The city extends the service to benefit its own funds as well as other governments. The invested assets would be accounted for as follows:

    City-owned funds Funds from other governments

    a. Internal service fund Agency

    b. Assets of investing fund Investment trust fund

    c. Agency fund Assets of investing fund

    d. Investment trust fund Internal service fund

  • You must be logged in to reply to this topic.