1. Why are fixed assets, acquired with proceeds from general obligation bond issues, not permanently accounted for in a capital projects fund? 2. If a capital projects fund has authority to continue...


1. Why are fixed assets, acquired with proceeds from general obligation bond issues, not permanently accounted for in a capital projects fund?


2. If a capital projects fund has authority to continue operations over several fiscal periods, why is it desirable to close its records at the end of each period?



Jan 16, 2022
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