general fund

general fund definition - business

general fund

In governmental and nonprofit accounting, the account that covers all receipts, appropriations, and expenditures other than those that specifically require separate funds. The general fund accounts for most of an entity's revenues and expenditures.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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