Asked by Mojeed George on Apr 27, 2024
Verified
What is the definition of the term fund?
Fund
A pool of money set aside for a specific purpose or managed to generate financial returns.
- Attain knowledge about the myriad funds used in governmental accounting and their respective aims.
Verified Answer
AJ
Arjun Jai KhannaApr 28, 2024
Final Answer :
The term fund is defined as a self-balancing set of accounts used to record data generated by an identifiable government function.
Learning Objectives
- Attain knowledge about the myriad funds used in governmental accounting and their respective aims.