The types of funds that may be used in governmental accounting are classified into the three categories of governmental, proprietary, and fiduciary.
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Q12: Governments can, in part, demonstrate operational accountability
Q13: Only those governmental and proprietary funds that
Q14: Expenditures are never recorded in governmental funds.
Q15: According to GASB Concepts Statement 1 a
Q16: Because budgetary accounts are used by governments,
Q18: The maximum sets of fund financial statements
Q19: Economic resources are cash or items expected
Q20: A deferred inflow of resources is defined
Q21: The General Fund is the only fund
Q22: Which of the following is True regarding
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