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Question 1: Explain the following terms a. Fund as used in public sector Accounting b. Encumbrance c. Fund balance d. Describe the three central

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Question 1: Explain the following terms a. Fund as used in public sector Accounting b. Encumbrance c. Fund balance d. Describe the three central public sector accounting system that exists, that is, i. The Exchequer system of Accounting ii. Central Treasury System of Accounting iii. The controller system

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