Under what circumstances is an enterprise fund required to be used?

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Marquise Kiehn asked a question: Under what circumstances is an enterprise fund required to be used?
Asked By: Marquise Kiehn
Date created: Tue, Jun 29, 2021 4:40 PM
Date updated: Thu, May 26, 2022 9:36 AM

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Top best answers to the question «Under what circumstances is an enterprise fund required to be used»

Required to be used in three circumstances: when an activity is financed with debt that is secured solely by a pledge of the net revenues from fees and charges of the activity; when laws or regulations require that the activity's costs of providing services be recovered with fees and charges; or when the activity's ...

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Those who are looking for an answer to the question «Under what circumstances is an enterprise fund required to be used?» often ask the following questions:

💰 Under which of the following circumstances must an enterprise fund be used?

Under which of the following circumstances must an enterprise fund be used? When its activities are financed with debt that is secured solely by a pledge of the net revenues from the charges made by the activity.

💰 Is enterprise fund a government fund?

An enterprise fund is a self-supporting government fund that sells goods and services to the public for a fee.

💰 What comes under fund accounting?

Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments.

9 other answers

An enterprise fund is required to be used if the cost of providing services for an activity including capital costs (such as depreciation or debt service) must be legally recovered through fees or charges. Policy decision to recover cost.

Under which of the following circumstances must an Enterprise Fund be used? CHAPTER 7 A. when its activities are partially financed with advances from the general fund B. when its activities are financed with debt that is secured solely by the full faith and credit of the related primary government C. when its activities are financed with debt that ...

3 1. Enterprise Fund Acceptance The first step in establishing an enterprise fund is for the appropriate government body to accept the provisions of M.G.L. Chapter 44, Section 53F½.2 The enterprise fund is established by vote of the city council with the approval of the mayor, by town council or by town meeting.

Under which of the following circumstances must an enterprise fund be used? When its activities are financed with debt that is secured solely by a pledge of the net revenues from the charges made by the activity.

An enterprise fund is used to account for any activity for which external users are charged a fee for goods and services. An activity must be reported in an enterprise fund under any of the following circumstances: The activity is funded with debt that is only secured by a pledge of the net proceeds from the activity.

Enterprise Fund accounting and reporting is required when an activity is financed with debt secured solely by a pledge of the net revenue from fees and charges. This type of debt typically takes the form of what?

An enterprise fund is a fund that may be used to report any activity for which a fee is charged to external users for goods or services. We have observed that local governments sometimes are not reporting enterprise activities in the correct fund type, and noted the following areas of concern:

In these circumstances, the Fair Work Commission must be satisfied the agreement: passes the BOOT; provides for pay and conditions that are consistent with the standards of the relevant industry. An enterprise agreement comes into operation seven days after approval by the Fair Work Commission, or at a later date as specified in the agreement.

50. Under which of the following circumstances the fixed capital requirement of a business is not likely to be high? (a) When the raw material is not easily available (b) Capital intensive techniques of production are used (c) The growth prospects of a company a high (d) When the financial alternatives are easily available. Answer. Answer: d

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Definition of a Proprietary Fund Government Proprietary Funds Definition. Many of government's operations can't be run like a business. It's not... The Enterprise Fund. Enterprise funds in schools include the cafeteria, bookstores and athletic stadiums that sell... The Internal Service Fund. An ...

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