Non-Profit Ch 3 1. Budget: a formal estimate of the resources that an organization plans to expend for specified purposes during a known time interval (typically a fiscal year) and the proposed means of acquiring these resources. Purposes: conveys th
BLACK HILLS STATE UNIVERSITY
CH 5 QUIZ
1. GASB standards require that all governmental expenditures for long-lived assets be
accounted for by a capital projects fund.
2. The disposal of a general capital ass