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Considering GASB standards, With the help of an illustration each, explain the recognition of following revenues of a government fund: (10 Marks) a. Fines b.

Considering GASB standards, With the help of an illustration each, explain the recognition of following revenues of a government fund: (10 Marks) a. Fines b. Property taxes c. Grants and donations d. Licenses & permits e. Sale of capital assets.

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