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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
  5. Question
    In Order for a Fund to Exist,there Must Be
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In Order for a Fund to Exist,there Must Be

Question 63

Question 63

Multiple Choice

In order for a fund to exist,there must be:


A) A fiscal entity; assets set aside for a specific purpose
B) A double-entry accounting entity
C) Both A & B are required
D) A & B are optional and not required

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