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What is a fund and how is it used - how does the balance of

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

What is a fund and how is it used?

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

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

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

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Accounting Basics: What is a fund and how is it used - how does the balance of

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