Question

10. What are the principles of fund based accounting?​

Answer 1

Explanation:

Fund accounting is a system of accounting that emphasizes accountability, not profitability. In other words, fund accounting has to do with reporting standards and disclosures rather than profits.

Answer 2

Answer:

Fund accounting is a system of accounting that emphasizes accountability, not profitability. In other words, fund accounting has to do with reporting standards and disclosures rather than profits.