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Why specialized funds in the different governmental units

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Reference no: EM132467774

Question 1: How does the balance of a fund represent the available spendable resources of the entity?

Question 2: Why are there specialized funds in the different governmental units (e.g., debt service funds, special revenue funds, capital project funds)?

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

Reference no: EM132467774

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