Major Funds Definition | Becker

Accounting Dictionary

Major Funds

Major funds are funds whose revenues, expenditures/expenses, assets, or liabilities are at least 10 percent of the corresponding totals for all governmental or enterprise funds and at least 5 percent of the aggregate amount for all governmental and enterprise funds. See also nonmajor funds.

Related Terms:

Nonmajor Funds [FARBAR]Back to Dictionary

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