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New page: In general, amounts collected by the Government are classified in two major categories: (1) Governmental receipts, and (2) Offsetting collections. Collections usually are in the form of ca...
In general, amounts collected by the Government are classified in two major categories: (1) Governmental receipts, and (2) Offsetting collections. Collections usually are in the form of cash; however, collections also are recorded when cash-equivalents are used to pay the Government.