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The accounting equation for a special revenue fund is : Assets Liabilities = Net Position. Financial Assets + Deferred Outflows Related Liabilities

The accounting equation for a special revenue fund is :

Assets – Liabilities = Net Position. 

Financial Assets + Deferred Outflows – Related Liabilities – Deferred Inflows = Fund Balance. 

General Capital Assets – Unmatured General Long-Term Liabilities = Net Assets. 

Current Assets = Current Liabilities.

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