Why do the balance sheets of custodial funds contain, Accounting Basics

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Why do the balance sheets of custodial funds contain

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Why do the balance sheets of Custodial Funds contain only assets and liabilities, but no fund balances? Why is it often unclear whether the resources relating to a particular activity should be accounted for in a custodial fund in a governmental fund?

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Accounting Basics: Why do the balance sheets of custodial funds contain

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