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Introduction and General Fund Accounting Answer Key Multiple Choice Questions 1. INTRODUCTION AND GENERAL FUND ACCOUNTING ANSWERS TO QUESTIONS Q17-1 A fund is an independent fiscal and accounting entity with a self-balancing set of accounts recording cash andor other resources together with all related liabilities.

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Chapter 17 - Governmental Entities. Special Funds and Government-wide Financial Statements Multiple Choice Questions 1Which of the following funds use the accrual. Study Advanced Chapter 17 - Governmental Entities. Issues in Financial Reporting and Translation of Foreign Entity Statements Ch. A1-3 with reconciliation Ill. A1-6 These statements report information separately for the General Fund and other major funds Chapter 2 defines major funds.
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