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The Total Fund Balances Reported in the Total Column of the Fund

question 110

True/False

The total fund balances reported in the total column of the fund basis statements must be reconciled to the total net assets presented in the governmental activities column of the government-wide Statement of Net Assets


Definitions:

Comprehensiveness

The characteristic of being complete or having an inclusive scope.

Documentation

The systematic recording, updating, and managing of information.

Chronological

Pertaining to events or experiences arranged in the order of their occurrence in time.

Informed Consent

A process by which a person consciously agrees to participate in a particular action or procedure after understanding all relevant facts and risks.

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