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1. What is fund balance 2.What are the various fund balance classification used in the...

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Accounting

1. What is fund balance 2.What are the various fund balance classification used in the different sets of financial statements issued 3. What is a major fund 4. What is the relevance of identifying a fund as major 5.. What conditions are necessary to classify a fund as major? 6. What the revenue and expenditure recognition principles for state and local governments 7.What are the major non-exchange revenue transactions in state and local governments

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