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  3. Study Set
    Essentials of Accounting Study Set 3
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    Exam 4: Accounting for the General and Special Revenue Funds
  5. Question
    When Closing the General Fund and Special Revenue Funds of a State
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When Closing the General Fund and Special Revenue Funds of a State

Question 72

Question 72

True/False

When closing the General Fund and Special Revenue Funds of a state or local governmental unit, the balance of the operating statement accounts and the balances of the budgetary accounts are closed

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