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Details: For your assignment, discuss when the government and non-profit organizations would use each of the given funds:

a) Capital projects fund
b) Debt service fund
c) Special revenue fund

Go to the comprehensive annual financial report (or CAFR) for your state or local government, and find out specific illustrations for the most current year in which each of such funds were used.

Use APA style in the body of your posting and also in the reference section.

Objective: Illustrate the difference between various funds (that is, general special revenue, restricted, unrestricted and so on) used in the governmental and not-for-profit accounting.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9440

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