Answer: See explanation
Explanation:
Fund financial statements are the statements whereby the information about major funds are presented individually. The funds will then be reported based on the basis of accounting that is required for that particular fund type.
For the governmental funds, it should be noted that there'll be a separate column for
(a) the General Fund
(b) any other fund which qualifies as major
(c) all the remaining funds that are accumulated as a whole.
