Respuesta :
For the goal of printing materials for the entire administration, the municipality established a central printing fund. When the general fund receives the invoice, it should debit the utility services account as it made a capital contribution of $120,000 to the fund.
What fund means?
A fund is a collection of funds set aside for a certain objective. A fund can be created for a variety of objectives, such as the construction of a new civic center by the municipal government, the awarding of scholarships at a college, or the payment of customer claims by an insurance company. An account having assets, obligations, and a fund balance makes up a self-balancing fund. Funds are identified by their source of income and display ownership of cash and fund balance. Funds may be allocated to one department only or may be shared by several departments, and they may be restricted or unconstrained.
What is uses of funds?
The following are prominent uses of funds: adjusting net operating loss. purchasing long-term investments. repayment of either long-term or short-term debt, such as bank loans (debentures or bonds) Redeemable preference share redemption.
Funds are collective investments that help you diversify your total risk by pooling your money and the money of other investors and investing it in a variety of underlying investments. Investment values can go down as well as up, and you might get back less than you put in.
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