Why is it necessary to reconcile governmental funds total fund balances to government-wide governmental activities net position

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Why is it necessary to reconcile governmental funds total fund balances to government-wide governmental activities net position and governmental funds changes in fund balances to governmental activities changes in net position? How should the reconciliation schedules be presented?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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