(a) Define fund as used in government organizations. (b) Contrast that definition with the same term as...

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(a) Define fund as used in government organizations.
(b) Contrast that definition with the same term as used in a profit-seeking organization.
(c) Does the creation of a fund constitute authority to spend or obligate its resources? Explain.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:49 AM

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(a) Define fund as used in government organizations. (b) Contrast that definition with the same term as...

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a A fund of a government organization is an independent fiscal and accounting entity Each fund has a ...View the full answer

Governmental and Nonprofit Accounting

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