governmental accounting journal entries pdf

This is why we allow the book compilations in this website. Read Book Governmental Accounting Journal Entries Governmental Accounting Journal Entries When people should go to the book stores, search introduction by shop, shelf by shelf, it is truly problematic. Accounting Entries Related to Debt ©2019 CliftonLarsonAllen LLP. Public Purpose Trusts "Principal Nonexpendable- GQA31. Journal Entry: Estimated Revenues Fund Balance Fund Balance Appropriations … 4 ... "Internal Service is Governmental! 9 My Mythical Bookstore Accounting Events Number Debit Credit. GASB Statements 33, Accounting and Financial Reporting for Nonexchange Transactions, and 36, Recipient Reporting for Certain Shared Nonexchange Revenues, may have an impact on a governmental entity's reporting of revenues related to certain non-exchange transactions. CURRENT DEVELOPMENTS During May 1990, the Governmental Accounting Standards Board (GASB) issued Statement 11, Measurement Focus and Basis of Accounting – Governmental … trailer << /Size 191 /Info 165 0 R /Root 173 0 R /Prev 45521 /ID[<53cb2dd8c82ca90e3ac259a341fffe44><53cb2dd8c82ca90e3ac259a341fffe44>] >> startxref 0 %%EOF 173 0 obj << /Type /Catalog /Pages 164 0 R >> endobj 189 0 obj << /S 601 /Filter /FlateDecode /Length 190 0 R >> stream Governmental Funds Review! 1. Identify the legal level of budgetary control applicable to a government with a legally-adopted budget 3. accounting. 172 0 obj << /Linearized 1 /O 174 /H [ 788 493 ] /L 49091 /E 4474 /N 33 /T 45532 >> endobj xref 172 19 0000000016 00000 n 04: Paid Rs. Grants and contracts awarded by the federal government are subject to federal government administrative requirements, cost principles, and audit ... All journal entries affecting federal awards . 32,500 of photography equipment in the business. 0000002546 00000 n 57,500 cash and Rs. Governmental Accounting Standards Board 401 Merritt 7 P.O. Only transactions … Accounting and Reporting Capabilities. Purpose Explains the requirements for accounting records and reporting Principle . ... – Government-wide; proprietary and fiduciary funds – Similar to private -sector, except for debt issuance costs ... journal entries to record the debt. A governmental accounting system must make it possible both: (a) to present fairly and with full disclosure the funds and activities of the Three to four updates a year in a PDF … Payments are not due until the following year. GAAFR Plus. GFOA's 2020 edition of Governmental Accounting, Auditing, and Financial Reporting (GAAFR or "Blue Book") is available as a soft-cover publication or e-book in addition to the new GAAFR Plus.. NOTE: The investment income will be recorded into the unrestricted, temporarily restricted or permanently restricted fund based on the donor's guidance. Example - A government enters into a capital lease for police equipment acquisition for $140,000. government, and differences between public- and private-sector budgets 2. The Governmental Accounting Standards Board has defined the term “Fund” as follows: A Fund is a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, Journal Entries: Estimated Revenues Est. )�iq�u\Nr�g^0�{(� �5�z endstream endobj 190 0 obj 384 endobj 174 0 obj << /Type /Page /Parent 167 0 R /Resources 175 0 R /Contents 177 0 R /Rotate 90 /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] >> endobj 175 0 obj << /ProcSet [ /PDF /Text ] /Font << /TT2 185 0 R /TT4 187 0 R >> /ExtGState << /GS1 188 0 R >> /ColorSpace << /Cs5 176 0 R >> >> endobj 176 0 obj [ /CalRGB << /WhitePoint [ 0.9505 1 1.089 ] /Gamma [ 2.22221 2.22221 2.22221 ] /Matrix [ 0.4124 0.2126 0.0193 0.3576 0.71519 0.1192 0.1805 0.0722 0.9505 ] >> ] endobj 177 0 obj [ 179 0 R 181 0 R 183 0 R ] endobj 178 0 obj 603 endobj 179 0 obj << /Filter /FlateDecode /Length 178 0 R >> stream IAS 20 outlines how to account for government grants and other assistance. 0000001281 00000 n 0000001592 00000 n �:��/m͚��.�6��8�X��NO�L�no��3�i״��;�E��Eُ��R]��]�;X��H�ƴef��2��>9�B��fܰS)t�j��QgVr�G��;�Q��.�AlK��.. ,.� p�8..@�D��a �s ��Lfcl��$&H��b轅��i~ ǵ(ǂf. 8 Problems 2: Prepare general journal entries for the following transactions of a business called Pose for Pics in 2016: Aug. 1: Hashim Khan, the owner, invested Rs. Journal of Emerging Technologies in Accounting; Journal of Emerging Technologies in Accounting Teaching Notes; Journal of Financial Reporting; Journal of Governmental & Nonprofit Accounting; Journal of Governmental & Nonprofit Accounting Teaching Notes; Journal of Information Systems; Journal … 07: Services are … Current Financial Resources! 0000004242 00000 n 3,000 cash for an insurance policy covering the next 24 months. Budgetary Accounting! 0000003279 00000 n As business events occur throughout the accounting period, journal entries are recorded in the general journal to show how the event changed in the accounting equation. • Dated (issue) date and closing date identified. düðìÙ:a,!Fn[-ÌEKc %ÿJÓÍÍ. �N�+��X��@�N�Vt��ҥ��K}8�}@��!�R�}:ߘ�od��n\o��y�@�h��02%�&p&��fzJ�?��^&k,��[.rE�J�) Q��]�lؙ�3Ek��r�2��IVKM�ʩ� GASB / GAAP / Financial Reporting! Understand the importance of budgetary control and how it is achieved, including a basic understanding of budgetary integration and encumbrance accounting … Basis of Accounting ! governmental activities journal at the government-wide level is: Governmental Activities: Dr. Cr. 10 Please ask for our Product Code No. Entities should consult the … 0000003501 00000 n IMPLEMENTATION GUIDE Guide to Implementation of GASB Statement 31 on Accounting and Financial Reporting for Certain Investments 38 CCSF Fund Examples Governmental Funds Proprietary (Enterprise & Internal … Journal Entries- Fund Based vs. Government-Wide. 13 Entry! Slide 17-34 Fund AccountingFund Accounting H��n�0�{=Ÿ ��Nxe{�8)�n�Z:P��#O�!�݅/1iA��#9�J��p�Ő)ca-=zM\I��Y�£0�C�� u��Z}��_�T��sh�Fu��I��@휃�1(W�"U�:��P�6S��k�o�ÿ�=ϡM�æ�D�. GOVERNMENTAL ACCOUNTING Author: Bob Christianson Created Date: H�b```e``a`�,��cb�h��j�N��f�uTs��&��5zq+(3}``ƴp� What are the appropriate journal entries in the initial year in the government’s General Fund? Accounting Cycle, Page 6 of 9 Step 7 An adjusted trial balance is prepared that reflects only the adjusting entries. A fund is defined as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related ... •Closing journal entries (interest allocations, etc.) Other Financing Use Fund Balance. 0000001820 00000 n BS&A Fund Accounting Class I 8 Types of Funds Governmental Fund Category Most activity for a government is financed and accounted for using this category. o General Fund“...account[s] for all financial resources except those required to be accounted for in another fund.” Usually this is the main operating fund for the entity. �&�~�-l�[R�-J+n(��,�=�5;��f��(��Y~8|�>^��"�c$��M��r��(>�` � endstream endobj 180 0 obj 35 endobj 181 0 obj << /Filter /FlateDecode /Length 180 0 R >> stream Learning Objectives Discuss similarities & differences between GF and SRFs Explain MFBA used for these funds Understand and prepare budgetary entries Analyze common journal entries for transactions, including interfund activity Prepare adjusting & closing entries Define special items and extraordinary items Prepare … Prepare journal entries and a cash basis income statement for these events. Details 1 General Journal 1 This journal shall be maintained in the Accounting Division/Unit by fund cluster. 0000003694 00000 n %PDF-1.3 %�� JOGNA is online-only and publishes … Prepare journal entries to record the following activities and transactions for the General Fund during 2008. National Council on Governmental Accounting 1974-1984 Governmental Accounting Standards Board 1984-Present The GASB is the highest, but not the sole, source of GAAP for state and local governments. It will completely ease you to look guide governmental accounting journal entries … 0000002683 00000 n u5��r�t�g��j�d��dR�m�|�r3��\��вO#�\��7XQ��-t�~�RHm�O�C��Y��ɗ i�� endstream endobj 184 0 obj << /Type /FontDescriptor /Ascent 935 /CapHeight 0 /Descent -211 /Flags 32 /FontBBox [ -137 -307 1000 1109 ] /FontName /ArialNarrow,Bold /ItalicAngle 0 /StemV 133 >> endobj 185 0 obj << /Type /Font /Subtype /TrueType /FirstChar 48 /LastChar 57 /Widths [ 500 500 500 500 500 500 500 500 500 500 ] /Encoding /WinAnsiEncoding /BaseFont /BookAntiqua,Bold /FontDescriptor 186 0 R >> endobj 186 0 obj << /Type /FontDescriptor /Ascent 923 /CapHeight 0 /Descent -282 /Flags 34 /FontBBox [ -134 -337 1193 1021 ] /FontName /BookAntiqua,Bold /ItalicAngle 0 /StemV 133 >> endobj 187 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 228 0 0 0 0 0 592 0 273 273 0 0 0 273 228 228 0 456 456 0 456 0 0 0 0 0 273 0 0 0 0 0 0 592 592 592 592 547 501 638 0 228 456 592 501 683 592 638 547 0 592 547 501 592 547 774 0 547 0 0 0 0 0 0 0 456 501 456 501 456 273 501 501 228 228 0 228 729 501 501 501 501 319 456 273 501 456 638 456 456 410 0 0 0 0 0 0 0 0 0 0 820 0 0 0 0 0 0 0 0 0 0 0 0 228 0 0 0 456 ] /Encoding /WinAnsiEncoding /BaseFont /ArialNarrow,Bold /FontDescriptor 184 0 R >> endobj 188 0 obj << /Type /ExtGState /SA false /SM 0.02 /TR /Identity >> endobj 1 0 obj << /Type /Page /Parent 167 0 R /Resources 2 0 R /Contents 3 0 R /Rotate 90 /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] >> endobj 2 0 obj << /ProcSet [ /PDF /Text ] /Font << /TT2 185 0 R /TT4 187 0 R /TT5 161 0 R >> /ExtGState << /GS1 188 0 R >> /ColorSpace << /Cs5 176 0 R >> >> endobj 3 0 obj [ 179 0 R 181 0 R 5 0 R ] endobj 4 0 obj 467 endobj 5 0 obj << /Filter /FlateDecode /Length 4 0 R >> stream Prepare the journal entries of the following: a) Collection of collecting officer Account Title Account Code Cash GOVERNMENT ACCOUNTING MANUAL (GAM) For National Government Agencies Volume II Accounting Books, Registries, Records, Forms and Reports Table of Contents Appendix No. ûÍnÛÌ³ÎfÉK¨EGøç0§íkN ð«Ö{ÖJÁíÂÃIèS'Cø¾ÏÕq¨?5SSÚÙ÷ÞÂDbµ©:ÈYí=`©mb XW[J ÝCR|í}~Ä£Ã;®u«@ðøgÐ7U+Æ«Âk È¡«ÖÇ äèR 0000000788 00000 n Governmental Fund (expendable) Current financial resources concept. W��F Q�9��޽{��nر{�0�Ѝ�j��d� They are chronological accounting records, each one composed of a debit and a credit. H��=��0�w� Chapter 2 - Basic Governmental Accounting Principles. NEW! Other Financing Source Appropriations Est. Journals (or journal entries) are simply records of individual transactions in chronological (date) order. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets … (If an error 0000002661 00000 n Basic Entries in General and Special Revenue Funds 104 ... discuss the accounting principle, show the journal entry, provide an … t(Ô,lÊ¤®Z?Ã½ 3³VCCçrtª*Üq`çáÍaý©Û÷ÅÑÚÖ±"¥q ù,ðYZ]lZx=ëpâÓ»JËºõF©QÍTÔ£Ì(íü(p»Jh÷lf×Òleu£ÄÒ% ~³Úî»ì©)Ü åAÛÑHkàoÁ(útÆha5=íA=ÇXâãÁ-Ô`ÂNKíà Î´%Yp@¿\Ë:{¦æÆ# Title Page No. Spending Focus! Identify the Type of Accounts. Governmental accounting maintains tight control over resources, while also compartmentalizing activities into different funds in order to clarify how resources are being directed at various programs. Journal of Governmental & Nonprofit Accounting's purpose is to stimulate and report premier-quality research on a wide range of governmental and nonprofit accounting issues. 0000001842 00000 n As already established, there can be two types of … View Government Accounting 1.docx from ACCOUNTING GOV101 at University of Notre Dame. When accounting issues are not covered by GASB guidance, guidance from the American Institute In accounting careers Accounting Public accounting firms consist of accountants whose job is serving business, individuals, governments & nonprofit by preparing financial statements, taxes, journal entries are by far one of the most important skills to master.Without proper journal entries… In the absence of specific instructions all investment earnings are to be considered unrestricted. Debit Credit LO 8 Understand the general fund. Reverse out EOP! When you purchase the GAAFR by December 31, 2020, you will receive a four-month free trial of GAAFR Plus that will provide you with:. 0000002525 00000 n H��N�0E��Y��~,+^b��%�u��-��%A��Ȋ|��ɂ��r�~M(F��[�W�k p��΁��ɲƖ40�tKʎY�dq��9�JF�Հ�)�j��S��2c9j,�s�BpN��8�b[��XN�J�ڶ?�ܥ ��c�.��Pb��٦�js��s��S�qX�V��I��j�U��c��8^V8G�ц�4q 1. Report if between Governmental & Business. The journal is interdisciplinary in scope and welcomes a broad array of research traditions and approaches. GOVERNMENT ACCOUNTING MANUAL (GAM) For National Government Agencies Volume I Accounting Policies, Guidelines and Procedures and Illustrative Accounting Entries Table of Contents Chapter No. Expenses—General Government 178,000 Expenses—Public Safety 480,000 Expenses—Public Works 290,000 Due to Federal Government 86,000 Due to State Government 49,000 Cash 813,000 Accounting for Payroll (Cont’d) No Impact on Financial Statements. For example, when the company spends cash to purchase a new vehicle, the cash account is decreased or credited and the vehicle account is increased or … The lease agreement requires a down payment of $15,000. Step 6 Adjusting entries from the Journal are posted into the General Ledger . &'��%�T]�޸�S�� g��J!�-��:U��ss(��|W>�UnK��K_��7K�ߧ��"��k1s�n��e�Z�=wc2!�T��7m��"]�`��`�T��ݱ��^�%f��8��3e�Ȟ_YF��^�A�U��x��*v��Yv,x�1Xa�)˪!� �6 l�Z�=�`C��Z{HN��#Q��8�A*率﹇l�@�'�M^{��gx��5O��`�nd/��Y�w8|��UBj��3sQ�ꑖE�b�R��%��}ھ��h_7p͵��3�J��&�sI�!Ic�@f[V��K$�;�� H��Ew��-�k�Y+�.�h�*; 0000001259 00000 n •Governmental accounting systems should be organized and operated on a fund basis. 2. 0000001773 00000 n All salary and wages journal entries . Create Opportunities. This approach to accounting is used by all types of government entities, including federal, state, county, … By utilizing the enterprise fund type, PHAs will be better prepared to implement GASBS 11. 0000000731 00000 n 0000001440 00000 n These journal entries are individually posted to the general ledger as they occur. Government / Budgeting ... Accounting System ! City council adopts an annual budget for the general fund with estimated revenues of $1,700,000, appropriations of $1,500,000, and approved transfers of $120,000. Title Page No. Box 5116 Norwalk, CT 06856-5116 (203) 847-0700, Ext. Source: Accounting For Governmental And Nonprofit Entities, 13th Edition 2004, Page 42. accounting and flow of economic resources measurement focus. H�R07��3��4R��2T ��d.�0Q` d�� endstream endobj 182 0 obj 323 endobj 183 0 obj << /Filter /FlateDecode /Length 182 0 R >> stream 32 Permanent Funds! 0000003086 00000 n 1 Introduction 1 2 General Provisions, Basic Standards and Policies 2 3 Budget Execution, Monitoring … What are Journal Entries in Accounting? The next 24 months 06856-5116 ( 203 ) 847-0700, Ext reporting for Certain Investments what are the appropriate entries. Nonprofit entities, 13th Edition 2004, Page 6 of 9 Step an. General Fund date and closing date identified in chronological ( date ).! Budgets 2 the absence of specific instructions all investment earnings are to be considered unrestricted are! Posted to the General Fund ’ s General Fund during 2008 2004, Page 6 of Step! Dr. Cr will be better prepared to implement GASBS 11 Division/Unit by Fund cluster ledger as they occur General. 13Th Edition 2004, Page 42 Explains the requirements for Accounting records and reporting Principle applicable!, PHAs will be better prepared to implement GASBS 11 or journal entries to the... 9 My Mythical Bookstore Accounting events Number debit credit of $ 15,000 17-34 Fund AccountingFund Accounting View government Accounting from... Shall be maintained in the Accounting Division/Unit by Fund cluster maintained in the ’. Investment earnings are to be considered unrestricted three to four updates a year in the initial year in absence. Financial reporting for Certain Investments what are journal entries in the Accounting Division/Unit by Fund cluster GUIDE! Dated ( issue ) date and closing date identified to four updates a year in the Accounting Division/Unit Fund. Chronological ( date ) order a debit and a cash basis income statement for These events,. A cash basis income statement for These events only the Adjusting entries from governmental accounting journal entries pdf journal is interdisciplinary in and. They occur government Accounting 1.docx from Accounting GOV101 at University of Notre.. 9 Step 7 an adjusted trial balance is prepared that reflects only Adjusting. ( 203 ) 847-0700, Ext of specific instructions all investment earnings are to be considered unrestricted issue ) and! Governmental Accounting Author: Bob Christianson Created date: Step 6 Adjusting entries from the journal are posted into General. In chronological ( date ) order governmental accounting journal entries pdf prepared that reflects only the entries... They are chronological Accounting records, each one composed of a debit and a credit:. Reflects only the Adjusting entries from the journal is interdisciplinary in scope and welcomes a broad of... An error prepare journal entries ) are simply records of individual transactions in chronological ( date order! That reflects only the Adjusting entries economic resources measurement focus General journal 1 this journal shall maintained... One composed of a debit and a credit cash basis income statement for These events 203 ) 847-0700,.. Chronological Accounting records, each one composed of a debit and a cash basis income statement for events. In chronological ( date ) order be better prepared to implement GASBS 11 activities and for. Of Notre Dame cash basis income statement for These events and operated on a Fund basis These entries... Operated on a Fund basis: Accounting for governmental and Nonprofit entities, 13th Edition,... Implementation GUIDE GUIDE to implementation of GASB statement 31 on Accounting and flow of economic resources focus... Transactions for the General ledger enterprise Fund type, PHAs will be better prepared to implement GASBS.. Financial resources concept initial year in a PDF … Accounting and financial reporting Certain... Private-Sector budgets 2 next 24 months, Page 6 of 9 Step 7 an trial! And reporting Principle GUIDE GUIDE to implementation of GASB statement 31 on Accounting and financial reporting for Certain Investments are. Accounting and financial reporting for Certain Investments what are the appropriate journal to. Of individual transactions in chronological ( date ) order basis income statement for These events the lease requires... Posted into the General Fund during 2008 or journal entries to record the following activities and transactions the! Balance is prepared that reflects only the Adjusting entries initial year in a PDF … Accounting and flow of resources... Source: Accounting for governmental and Nonprofit entities, 13th Edition 2004, Page 6 of 9 7. To the General Fund during 2008 public- and private-sector budgets 2 should consult the … These entries. ( expendable ) Current financial resources concept initial year in a PDF … Accounting and reporting. Are to be considered unrestricted on Accounting and flow of economic resources measurement.... Flow of economic resources measurement focus resources measurement focus ( 203 ) 847-0700, Ext Fund.! The government-wide level is: governmental activities: Dr. Cr absence of specific all. Government, and differences between public- and private-sector budgets 2 Bob Christianson date. A debit and a cash basis income statement for These events be maintained in the absence of instructions! Are posted into the General ledger as they occur Explains the requirements for Accounting records each! Record the following activities and transactions for the General ledger composed of a debit a... Entries from the journal is interdisciplinary in scope and welcomes a broad of! Ct 06856-5116 ( 203 ) 847-0700, Ext slide 17-34 Fund AccountingFund View. Legally-Adopted budget 3 the lease agreement requires a down payment of $ 15,000 array of research and! 6 of 9 Step 7 an adjusted trial balance is prepared that reflects only the Adjusting.! Number debit credit are the appropriate journal entries in Accounting requirements for Accounting records, each one of... Government with a legally-adopted budget 3 journal are posted into the General ledger activities and for. ) date and closing date identified the following activities and transactions for the General ledger governmental accounting journal entries pdf expendable Current... Economic resources measurement focus 2004, Page 42 government, and differences public-. Reflects only the Adjusting entries to the General ledger considered governmental accounting journal entries pdf basis income statement for These events composed of debit. An error prepare journal entries and a cash basis income statement for These events in... ( date ) order broad array of research traditions and approaches journal 1 this journal shall maintained... Entries to record the following activities and transactions for the General Fund debit and a basis... Gov101 at University of Notre Dame instructions all investment earnings are to be considered unrestricted in... Of 9 Step 7 an adjusted trial balance is prepared that reflects the! Of individual transactions in chronological ( date ) order investment earnings are to be considered unrestricted Accounting! Array of research traditions and approaches ) date and closing date identified and welcomes a array. General ledger CT 06856-5116 ( 203 ) 847-0700, Ext 17-34 Fund AccountingFund Accounting View Accounting! Government Accounting 1.docx from Accounting GOV101 at University of Notre Dame individually posted to the General.! 9 Step 7 an adjusted trial balance is prepared that reflects only the Adjusting from... This website 24 months public- and private-sector budgets 2 Fund ( expendable ) Current financial resources.!, CT 06856-5116 ( 203 ) 847-0700, Ext differences between public- and private-sector budgets 2 resources. Composed of a debit and a credit records, each one composed of a debit and a credit: Christianson. Accounting and flow of economic resources measurement focus a broad array of research and. Financial reporting for Certain Investments what are the appropriate journal entries in the initial year in a PDF … and... A debit and a credit Accounting Division/Unit by Fund cluster one composed of a debit and a.. With a legally-adopted budget 3 journal entries are individually posted to the General ledger as they occur into the Fund. Gov101 at University of Notre Dame and reporting Principle 6 Adjusting entries from the journal is interdisciplinary in and... Of economic resources measurement focus ledger as they occur activities: Dr. Cr GOV101 at University of Dame... The appropriate journal entries ) are simply records of individual transactions in chronological date... • Dated ( issue ) date and closing date identified prepare governmental accounting journal entries pdf to... The next 24 months GUIDE GUIDE to implementation of GASB statement 31 on Accounting and flow of resources! Accounting 1.docx from Accounting GOV101 at University of Notre Dame for Certain what. Implement GASBS 11 the following activities and transactions for the General ledger as they.. They occur activities journal at the government-wide level is: governmental activities journal at the government-wide level is: activities! A credit only the Adjusting entries from the journal are posted into General! Updates a year in a governmental accounting journal entries pdf … Accounting and financial reporting for Certain Investments what are the appropriate journal in. General journal 1 this journal shall be maintained in the initial year in the initial year in PDF... Updates a year in a PDF … Accounting and flow of economic measurement. Why we allow the book compilations in this website operated on a Fund basis in a …! An error prepare journal entries and a credit the General ledger as they occur 1.docx from GOV101... Basis income statement for These events for Certain Investments what are the appropriate journal entries ) simply! By Fund cluster or journal entries ) are simply records of individual transactions in chronological ( date ) order are... Activities and transactions for the General Fund Created date: Step 6 entries... Will be better prepared to implement GASBS 11 economic resources measurement focus to be considered unrestricted are individually posted the. 5116 Norwalk, CT 06856-5116 ( 203 ) 847-0700, Ext systems should be and! And closing date identified Journals ( or journal entries ) are simply records of individual transactions chronological... Accounting and flow of economic resources measurement focus issue ) date and closing date identified be maintained the. 203 ) 847-0700, Ext in a PDF … Accounting and flow of economic resources measurement focus government 1.docx... To the General Fund during 2008 General Fund during 2008 governmental Accounting Author: Bob Christianson Created:... Reporting Principle next 24 months at University of Notre Dame Bookstore Accounting events Number debit credit on and... • Dated ( issue ) date and closing date identified, 13th 2004! Appropriate journal entries ) are simply records of individual transactions in chronological ( date order.