Permanent Funds in Government Trust Accounting [WLOs: 1, 3] [CLOs: 1, 3]

Prior to beginning work on this discussion forum, read Chapters 4 and 5 in the text.

Describe, in your own words, the use of permanent funds in government trust accounting. Give an example or two to illustrate the concepts.

Guided Response: Later, come back to this discussion, read your peers' comments, and select at least two of these to comment on. Your comments should focus on the content of their response, and you should explore one or more points of the information in detail, perhaps asking a question or two for clarification, or expanding on the information presented to add to and generate additional discussion on the topic.