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The term deferred revenues seems out of place in governmental fund accounting. It would seem that a government either has or does not have expendable financial resources as a result of property tax, grant, or other revenue transaction. Furthermore, no similar concept, such as deferred working capital, is used in business accounting. describe the use of the term deferred revenues in governmental fund accounting.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M923884

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