F8 - Fiduciary Funds Flashcards
1
Q
What is the major difference between an agency fund and a debt service or capital projects fund?
A
In an agency fund, the gov’t is not liable
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FAR Section - CPA Exam > F8 - Fiduciary Funds > Flashcards
What is the major difference between an agency fund and a debt service or capital projects fund?
In an agency fund, the gov’t is not liable
FAR Section - CPA Exam (45 decks)
