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Governmental Fund
A type of fund used by governmental entities to account for revenues, expenditures, and balances that are not accounted for in proprietary or fiduciary funds.
Bonds Payable
A liability account that represents the amounts owed by an entity to bondholders that must be repaid at a future date.
Governmental Fund Financial Statements
These are financial statements that report on the fiscal condition and the results of operations for governmental funds of a state, municipality, or similar entity.
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