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What is a fund and how is it used

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Reference no: EM132491522 , Length: Word count: 900

700-900 words

With regards to governmental accounting, write a paper that answers the following:

Question 1: What is a fund and how is it used?

Question 2: How does the balance of a fund represent the available spendable resources of the entity?

Question 3: Why are there specialized funds in the different governmental units (e.g., debt service funds, special revenue funds, capital project funds)?

Question 4: Describe 3 of these funds in detail, and give examples of how the funds are used.

Reference no: EM132491522

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