Final answer:
In government accounting, interfund receivables and payables refer to the amounts owed between different funds within a government entity. Receivables and payables to fiduciary funds refer to the amounts owed to or owed by fiduciary funds, which are funds held by the government on behalf of others.
Step-by-step explanation:
The subject of this question is Government in the context of accounting and finance.In government accounting, interfund receivables and payables refer to the amounts owed between different funds within a government entity. It represents the movement of money between different government funds.
Receivables and payables to fiduciary funds refer to the amounts owed to or owed by fiduciary funds, which are funds held by the government on behalf of others, such as trust funds.