Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Fiduciary funds account on an accrual basis. Economic resource measurement and the accrual foundation of accounting are used by fiduciary funds.
Except for the recognition of certain liabilities of defined benefit pension plans and some postemployment healthcare plans, fiduciary funds should be reported using the economic resources measurement emphasis and the accrual basis of accounting [Governmental Accounting Standards Board] (GASB). A city may have fiduciary funds such as a law enforcement trust fund and a firemen's pension fund. Other types of fiduciary funds include investment trust funds, private-purpose trust funds, pension (and other employee benefit) trust funds, and agency funds.
To learn more about Fiduciary funds, click here.
https://brainly.com/question/14674904
#SPJ4
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
