The primary purpose of a fund is A. To provide expenditure authority for a government or not-for-profit
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Question:
The primary purpose of a fund is
A. To provide expenditure authority for a government or not-for-profit organization.
B. To segregate an organization's resources according to the purpose(s) for which they are to be used.
C. To keep an organization's constituency from trying to insist that the organization utilize resources that it wants to save for a specific future objective.
D. To confuse and confound the legislative body as to the use and purpose of government resources.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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