Question

the net resources of a governmental fund that the government intends for a specific purpose are contained in the ____ fund balance

Answer 1

The net resources of a governmental fund that the government intends for a specific purpose are contained in the reserved fund balance.

Step-by-step explanation:

The net resources of a governmental fund that the government intends for a specific purpose are contained in the reserved fund balance. This represents the amount of money set aside for a specific purpose and is a part of the fund's total fund balance. It is important for the government to clearly identify and separate these funds to ensure proper accountability and financial management.