What is a fund and how is it used
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What is a fund and how is it used

Assignment Description

With regards to governmental accounting, write a paper that answers the following:

What is a fund and how is it used?

How does the balance of a fund represent the available spendable resources of the entity?

Why are there specialized funds in the different governmental units (e.g., debt service funds, special revenue funds, capital project funds)?

Describe 3 of these funds in detail, and give examples of how the funds are used.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Hint
Accounts & FinanceSector funds, also known as specialty funds, are mutual funds and ETFs (exchange-traded funds) that concentrate on a specific industry or market. These funds take a targeted approach and invest only in companies in certain segments of the economy. Most mutual funds fall into one of four main categories – money market funds, bond funds, stock funds, and target date funds. The ...
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