Which of the Following Is Not a Characteristic of a Fund

question 44

Multiple Choice

Which of the following is not a characteristic of a fund as defined by GASB standards?

• A) An accounting entity.
• B) A fiscal entity.
• C) A reporting entity.
• D) A self-balancing set of accounts.

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Definitions:

Delta Water Company

A named entity that could refer to a specific water utility or company involved in the distribution or management of water resources, though the exact reference is generic without further context.

Administrative Agencies

Government bodies responsible for the oversight and administration of specific regulations and laws within their jurisdiction.

Binding

Refers to agreements or contracts that legally obligate the parties involved to fulfill their respective parts of the deal.

Laws Passed By Congress

Legislation that has been approved by both houses of the United States Congress and has become law, often shaping the legal framework of the country.