Explain financial statements used in governmental accounting


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o Not-for-Profit organizations face many challenges. List some of their challenges and explain the accounting for those challenges.

o Identify and explain the basic financial statements used in governmental accounting and discuss fund statements.

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Accounting Basics: Explain financial statements used in governmental accounting
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