governmental funds

What Is The Special Revenue Fund Used For?

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What Is The Special Revenue Fund Used For? A special revenue fund is an account established by a government to collect money that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency to taxpayers that their tax dollars will go toward an intended purpose. What is

Which Of The Following Financial Statements Are Prepared For Governmental Funds?

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Which Of The Following Financial Statements Are Prepared For Governmental Funds? Explanation: The governmental fund financial statements include the Balance Sheet, and the Statement of Revenues, Expenditures, and Changes in Fund Balances and are prepared on the current financial resources measurement focus and modified accrual basis of accounting. On what should the governmental fund financial