Explain the difference between various funds, Accounting Basics

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Research the major funds of your state or local government and nonprofit organizations.

• What are the major funds of your state or local government, and how do they differ in nonprofit organizations?
• How are they determined?
• Remember to use APA referencing in the body of your posting as well as in the reference section.
• Explain the difference between various funds (i.e., general special revenue, restricted, unrestricted, etc.) used in governmental and not-for-profit accounting

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