Question: A fund is: Multiple Choice not used when preparing fund - based financial statements. an account used to accumulate donations by non - profit groups.

A fund is:
Multiple Choice
not used when preparing fund-based financial statements.
an account used to accumulate donations by non-profit groups.
a term used for money collected and spent by a governmental unit.
not used when preparing government-wide financial statements.
a self-balancing set of accounts used to record data generated by an identifiable governmental unit.
A fund is: Multiple Choice not used when preparing fund-based financial

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