The funds of Lake City include a debt service fund, a capital projects fund, and an internal
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a. Explain the use of capital projects funds. Include what they account for, the basis of accounting used, unusual entries and accounts, and their financial statements.
b. Explain the use of debt service funds. Include what they account for, the basis of accounting used, unusual entries and accounts, and their financial statements.
c. Explain the use of internal service funds. Include what they account for, the basis of accounting used, unusual entries and accounts, and their financial statements.
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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