1. Eleven funds are recommended to account for the various activities and resources of a governmental unit. Identify these funds by title and type and briefly state (in two sen- tences or less) the basic purpose of each fund.

2. Why are governments required to prepare financial state- ments on a government-wide basis using full accrual accounting?

3. What is the difference between a governmental fund and a proprietary fund?

6. In what funds would you expect bonds payable to be included?