Examlex
Which of the following is NOT a description of indirect finance?
General Fund
The primary operating fund of a government, covering most basic governmental functions.
Encumbrance Fund
A fund set aside or restricted for specific purposes, often used in government accounting to represent money that is allocated for certain obligations or projects.
Capital Assets
Long-term assets that are significant in value and are used in the operations of a business, not easily convertible to cash.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.
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