In accounting practice,the legalistic distinctions between trust funds and agency funds are not of major significance.
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Q5: It is common for a government that
Q6: Agency funds are used only if a
Q7: Agency funds should utilize the modified accrual
Q10: Pension trust funds should utilize budgetary accounts
Q12: It is common for an agency fund
Q13: An agency fund should be used to
Q14: Fiduciary activities are reported only in the
Q14: Fiduciary funds are sometimes identified in the
Q17: In regard to pass-through grants, a recipient
Q38: A common example of a private-purpose trust
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