Question

1. Private Purpose Trust Funds follow the ______ measurement focus and the ______ basis of accounting.
2. Amounts originally contributed to a Private Purpose Trust Fund are recorded as ______.
3. The following financial statements are prepared for a Private Purpose Trust Fund: ______ and ______.
4. The operations of a Private Purpose Trust Fund are usually ______ (more or less) complex than those of the General Fund.
5. The most important document, with respect to a Private Purpose Trust Fund, is the ______.



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  • CreatedDecember 30, 2014
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