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- 29xxxx: Fund Equity
29xxxx: Fund Equity
G/L accounts in this series are used to record the fund equity of each cost object. Fund equity is the net of accumulated revenue and expenses from previous years. Entries to this series of G/L accounts are made only at year-end by the General Ledger system when the revenue and expenses of the current year are closed out into one of these G/L accounts. Departments should never use these G/L accounts.