Funds refer to an amount of money that is set aside or saved by individuals, government, businesses for paying unforeseen expenses or for any other purpose. Funds can be mutual funds, agency funds, trust funds, special revenue funds, permanent funds, enterprise funds, government funds. To choose: The fund in which accounting will be made for all the pooled investment.

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Chapter 16, Problem 2.5E

To determine

Introduction:Funds refer to an amount of money that is set aside or saved by individuals, government, businesses for paying unforeseen expenses or for any other purpose. Funds can be mutual funds, agency funds, trust funds, special revenue funds, permanent funds, enterprise funds, government funds.

To choose: The fund in which accounting will be made for all the pooled investment.

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