Trust funds often exist over a longer period of time than agency funds,represent and develop vested interests of a beneficiary to a greater extent,and involve more complex administration and financial accounting and reporting.

Question

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Trust funds are designed to last for a longer period of time and involve more complex administration and financial accounting and reporting than agency funds. They also represent and develop the vested interests of a beneficiary to a greater extent.

Trust Funds Often Exist Over a Longer Period of Time