(Answered) Question measurement focus and basis of accounting for

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Question: (Measurement focus and basis of accounting for different fund types) Several new city council members asked you to explain why the financial statements for the Water Enterprise Fund "seem to look different" than the financial statements for the General Fund. "For example," says one, "the captions are different, and some accounts in the Water Enterprise Fund statements don't appear in the General Fund statements." Write the explanation that you would provide for these council members.

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