Examlex
Which of the following statements is true?
General Fund
The general fund is the primary operating fund of a government, supporting general activities and services such as public safety, parks, and general administration.
Agency Fund
A fiduciary account used by governmental entities to manage funds collected on behalf of others, such as taxes or grants.
Enterprise Fund
A fund used by a government to account for operations financed by user charges for services provided by the government.
Internal Service Fund
A fund used within governmental accounting to manage the costs and financing of services provided by one department to other departments on a cost-reimbursement basis.
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