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What are the three types of government funds?

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What are the three types of government funds? How are they used?

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This solution explains the three types of government funds and how they are used.

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The three main types of government funds are governmental funds, proprietary funds, and fiduciary funds. Governmental funds are the funds that govern the standard operations of the governmental entity. These are the funds where the normal operating expenditures are paid from, and where unrestricted revenue goes into for ...

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