Governmental Accounting Funds used in state and local government accounting and financial reporting are classified...
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Accounting
Governmental Accounting
Funds used in state and local government accounting and financial reporting are classified into three categories: (1) governmental funds, (2) proprietary funds, and (3) fiduciary funds. 1.What measurement focus is used for each of these three categories
2.what types of assets and liabili- ties are reported for each measurement focus?
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