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In terms of governmental accounting,briefly describe each governmental fund; define measurement focus and accounting basis; and discuss the rationale of each fundaccounting basis and measurement
In terms of governmental accounting,briefly describe each governmental fund; define measurement focus and accounting basis; and discuss the rationale of each fundaccounting basis and measurement focus. These funds include General fund, Special revenue funds, Debt service funds, Capital project funds, and Permanent funds.Please include discussion of fund accounting financial reporting, and government-wide financial reporting measurement focus and accounting basis of eachgovernmental fund.
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