Does a credit balance in the fund balance account( s) at the end of the year necessarily

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Does a credit balance in the fund balance account( s) at the end of the year necessarily mean the fund has sufficient cash to pay its liabilities in a timely manner? Explain.

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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