Question

In: Finance

How many special purpose funds does it define?

How many special purpose funds does it define?

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Expert Solution

Answer- Special purpose funds means money that is paid to government or a public officer under or pursuant to a law, trust, undertaking or contract, but does not include money that belongs to a public agency unless it is paid to the government under or pursuant to a law, trust, undertaking or contract, and the government considers it to be a special purpose funds.


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