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    Accounting equation for a special revenue fund

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    The accounting equation for a special revenue fund is

    a Assets - Liabilities = Net Assets.
    b Financial Assets - Related Liabilities = Fund Balance.
    c General Capital Assets - Unmatured General Long-Term Liabilities = Net Assets.
    d Current and Long Term Assets - Liabilities = Fund Balance.

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    https://brainmass.com/business/accounting/accounting-equation-special-revenue-fund-472696

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    The solution discusses the accounting equation for a special revenue fund.

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