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8. Why are budgeted revenues and expenditures formally recorded in the records of the general fund but not in the records of a capital projects
8. Why are budgeted revenues and expenditures formally recorded in the records of the general fund but not in the records of a capital projects fund?
9. Are all major capital facilities acquisitions accounted for in a capital projects fund? Explain.
11. Identify and describe four types of interfund activities.
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