When establishing funds, governments should attempt to minimize the number of special revenue and other funds, instead using functional classification to record transaction detail.
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Q19: Special revenue funds are used when it
Q20: Resources appropriately reported within proprietary or fiduciary
Q21: Government and Fiduciary fund statements use the
Q22: Only the General Fund may have a
Q23: A Special Revenue Fund may not have
Q25: A special item is a significant transaction
Q26: The Debt Service Fund would record the
Q27: When closing the General Fund and Special
Q28: Special revenue funds are used when it
Q29: Under the purchases method to account for
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