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which of following is not a classification for the fund balance? Derived, unassigned, nonspendable, restriced
which of following is not a classification for the fund balance? Derived, unassigned, nonspendable, restriced
Expert Solution
The answer of above question is " Derived"
As per Gasb statement no 54 the following are the classification of fund balance :-
a) Restricted
b) unassigned
c) Non spendable
d) Committed
e) Assigned
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