How does the balance of a fund represent available resources

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Reference no: EM133932954

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

1) What is a fund and how is it used?
2) How does the balance of a fund represent the available spendable resources of the entity?
3) Why are there specialized funds in the different governmental units (e.g., debt service funds, special revenue funds, capital project funds)?

Reference no: EM133932954

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