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