Term used in Government Accounting to apply to all funds except for the profit and loss funds (e.g., enterprise fund, internal service fund, and trust and agency fund). Examples of government funds are the general fund, special assessment fund, and capital projects fund. Governmental funds use the Modified Accrual accounting method.
Government Fund
| Accounting Dictionary: Government Fund |
| 5min Related Video: Government Fund |
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 | Special Assessment Fund (in accounting) |
| Internal Service Fund (in accounting) |
| Special Revenue Fund (in accounting) |
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 | Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more |
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