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In some local government financial reports you will find activities such as solid waste disposal and sewage disposal accounted for as a part of the General Fund.In other reports apparently identical activities are accounted for as enterprise funds.Under what conditions would each treatment be proper?
Special Journals
Ledger books dedicated to recording specific types of transactions, such as cash receipts or disbursements, distinct from general accounting records for efficiency and accuracy.
Computerized Accounting Systems
Software programs that manage and process financial transactions and accounting tasks electronically, increasing accuracy and efficiency.
Automated Business Systems
Systems that use technology to perform and manage business processes automatically, enhancing efficiency and reducing manual intervention.
Subsidiary Ledgers
Detailed ledgers that contain information supporting accounts listed in the general ledger, such as accounts receivable or inventory details.
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