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I have a question from "Government and Not-for-Profit Accounting" book Eighth Edition. Chapter 2 under "Questions for Review and Discussion" question 5.
"Upon examining the
I feel this answer has to do with how funds are balanced and restriction placed on funds. If everything is in the general fund, they are typically funds gathered from tax payers and are distributed as the need is for each section because of the lack of strict restriction. But I am having a hard time finding confirmation in the book and do not know if my mind is going the right direction with this question.
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