Annual Report of the Town of Sanbornton, New Hampshire 1987
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In our eReader you can find the full English version of the book. Read Annual Report of the Town of Sanbornton, New Hampshire 1987 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Annual Report of the Town of Sanbornton, New Hampshire 1987
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In accordance with the practices followed by other municipal entities in the State, the Town does not maintain a record of its general fixed assets and, accordingly, a statement of general fixed assets, required by generally accepted accounting principles, is not included in this financial report.
Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term Debt Account Group. This account group is not a fund. It is concerned only with the mea...surement of financial position and not results of operations. Since they do not affect net current assets, such long-term liabilities are not recognized as governmental fund type liabilities. They are instead reported as liabilities in the General Long-Term Debt Account Group.
C. Basis of Accounting The accounts of the General, Special Revenue, Capital Projects, and Expendable Trust Funds are maintained and reported on the modified accrual basis of accounting. Under the modified accrual basis of accounting, sources of financial resources and assets are recognized when measurable and available to finance operations during the year.
What to read after Annual Report of the Town of Sanbornton, New Hampshire 1987?
You can find similar books in the "Read Also" column, or choose other free books by Sanborton (N.H. : Town) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In accordance with the practices followed by other municipal entities in the State, the Town does not maintain a record of its general fixed assets and, accordingly, a statement of general fixed assets, required by generally accepted accounting principles, is not included in this financial report.
Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term Debt Account Group. This account group is not a fund. It is concerned only with the mea...surement of financial position and not results of operations. Since they do not affect net current assets, such long-term liabilities are not recognized as governmental fund type liabilities. They are instead reported as liabilities in the General Long-Term Debt Account Group.
C. Basis of Accounting The accounts of the General, Special Revenue, Capital Projects, and Expendable Trust Funds are maintained and reported on the modified accrual basis of accounting. Under the modified accrual basis of accounting, sources of financial resources and assets are recognized when measurable and available to finance operations during the year.
What to read after Annual Report of the Town of Sanbornton, New Hampshire 1987?
You can find similar books in the "Read Also" column, or choose other free books by Sanborton (N.H. : Town) to read onlineMoreLess
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