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1)The General Fund is always considered to be a major fund

Accounting

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1)The General Fund is always considered to be a major fund.  When are other governmental funds considered major?

2. How should the acquisition of general fixed assets acquired by capital leases be accounted for?

3. What is the difference between Permanent Funds and Private Purpose Trust Funds?

4. What is a bond refunding and why do governments refund bonds?

5. What is the difference between a current refunding and advance refunding?