Multiple Choice
The following fund types are used by a county:
-General Fund (GF)
-Special Revenue Fund (SRF)
-Capital Projects Fund (CPF)
-Debt Service Fund (DSF)
-Permanent Fund (PF)
-Enterprise Fund (EF)
-Internal Service Fund (ISF)
-Custodial Fund (CF)
Required
For each of the transactions bellow, indicate the fund or funds affected. Be sure to include all funds that report the transaction. Use the abbreviations listed above.
-Community college faculty salaries are paid.
A) General Fund (GF)
B) Special Revenue Fund (SRF)
C) Capital Projects Fund (CPF)
D) Debt Service Fund (DSF)
E) Permanent Fund (PF)
F) Enterprise Fund (EF)
G) Internal Service Fund (ISF)
H) Custodial Fund (CF)
Correct Answer:

Verified
Correct Answer:
Verified
Q12: A county government borrows $1,500,000 from a
Q13: The trial balance of a general
Q14: The following general fund budget was
Q15: A general fund uses the consumption method
Q16: The following fund types are used by
Q18: The following general fund budget was
Q19: The governmental funds operating statement reports:<br>A) Cash.<br>B)
Q20: Use the following information to answer
Q21: Which fund reports its operating results in
Q22: Use the following information to answer