General fund is the primary fund maintained by the companies for recording all inflows and outflows except which are associated with the special purpose funds. It is mostly the difference between assets and liabilities of the company’s fund. Budgetary fund balance: It is fund set aside for the required for the differences which will arise between the anticipated inflows and outflows related to budgetary period. The effect of budgetary fund balance in general fund account.

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Chapter 17, Problem 17.18.17P

To determine

Introduction: General fund is the primary fund maintained by the companies for recording all inflows and outflows except which are associated with the special purpose funds. It is mostly the difference between assets and liabilities of the company’s fund.

Budgetary fund balance: It is fund set aside for the required for the differences which will arise between the anticipated inflows and outflows related to budgetary period.

The effect of budgetary fund balance in general fund account.

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