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Revenue is the gross inflow of economic benefits or service potential during the reporting period when those inflows result in an increase in equity, other than increases relating to contributions from owners. It includes only those that are received or receivable by the entity in its own account. Receipts refer to actual cash collections from all sources during a period. All revenues of an entity shall be remitted to the National Treasury and included in the General Fund of the National Government, unless another law specifically allows otherwise. Amounts received in trust and from business-type activities of the government may be separately recorded and disbursed in accordance with relevant rules. General fund- a fund which is available for any purpose other than those which other funds have been designated to. Special fund- a fund designated for special purposes. Trust fund (Fiduciary fund)- fund held by a government agency or public officer acting as trustee, agent, administrator for the fulfillment of a condition. Revenue fund- comprises all funds derived from the income of any government agency and available for appropriation or expenditure in accordance with the law. Depository fund- fund held in an authorized depository bank over which the recipient agency retains control for the lawful purposes for which the fund was received. Special Account in the General Fund (SAGF)- established to facilitate the funding of priority activities of the government.
Revenue is the gross inflow of economic benefits or service potential during the reporting period when those inflows result in an increase in equity, other than increases relating to contributions from owners. It includes only those that are received or receivable by the entity in its own account. Receipts refer to actual cash collections from all sources during a period. All revenues of an entity shall be remitted to the National Treasury and included in the General Fund of the National Government, unless another law specifically allows otherwise. Amounts received in trust and from business-type activities of the government may be separately recorded and disbursed in accordance with relevant rules. General fund- a fund which is available for any purpose other than those which other funds have been designated to. Special fund- a fund designated for special purposes. Trust fund (Fiduciary fund)- fund held by a government agency or public officer acting as trustee, agent, administrator for the fulfillment of a condition. Revenue fund- comprises all funds derived from the income of any government agency and available for appropriation or expenditure in accordance with the law. Depository fund- fund held in an authorized depository bank over which the recipient agency retains control for the lawful purposes for which the fund was received. Special Account in the General Fund (SAGF)- established to facilitate the funding of priority activities of the government.
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All revenues of an entity shall be remitted to the ______ Treasury and included in the General Fund of the National Government
All revenues of an entity shall be remitted to the ______ Treasury and included in the General Fund of the National Government
National
Amounts received in trust and from business-type activities of the government may be separately recorded and disbursed in accordance with relevant ______
Amounts received in trust and from business-type activities of the government may be separately recorded and disbursed in accordance with relevant ______
rules
General fund- a fund which is available for any purpose other than those which other funds have been ______ to
General fund- a fund which is available for any purpose other than those which other funds have been ______ to
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Special fund- a fund designated for ______ purposes
Special fund- a fund designated for ______ purposes
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Trust fund (Fiduciary fund)- fund held by a government agency or public officer acting as trustee, agent, administrator for the fulfillment of a ______
Trust fund (Fiduciary fund)- fund held by a government agency or public officer acting as trustee, agent, administrator for the fulfillment of a ______
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Revenue fund- comprises all funds derived from the income of any government agency and available for appropriation or expenditure in accordance with the ______
Revenue fund- comprises all funds derived from the income of any government agency and available for appropriation or expenditure in accordance with the ______
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Depository fund- fund held in an authorized depository bank over which the recipient agency retains control for the lawful purposes for which the fund was ______
Depository fund- fund held in an authorized depository bank over which the recipient agency retains control for the lawful purposes for which the fund was ______
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Special Account in the General Fund (SAGF)- established to facilitate the funding of priority activities of the ______
Special Account in the General Fund (SAGF)- established to facilitate the funding of priority activities of the ______
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