Are the revenues and expenses in a governmental units

Reference no: EM13586642

The general fund is often considered to be the principal financial statement for a governmental unit. Contrast in detail, its relationship to other funds that are found within the financial statements of a governmental entity.

Are the revenues and expenses in a governmental unit's general fund accounted for in the same manner as a for-profit company? Please explain.

Reference no: EM13586642

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