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    Advanced Financial Accounting Study Set 5
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    Exam 17: Governmental Entities: Introduction and General Fund Accounting
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    Which of the Following Statements Is(are)correct About the Funds Used
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Which of the Following Statements Is(are)correct About the Funds Used

Question 63

Question 63

Multiple Choice

Which of the following statements is(are) correct about the funds used by governmental entities?
I.Funds are fiscal entities.
II.Funds are accounting entities.


A) I only
B) II only
C) I and II
D) Neither I nor II

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