Multiple Choice
A city government sells police cars no longer in use.No restrictions have been placed on the proceeds.Which fund should account for the receipt?
A) Debt service fund
B) Capital projects fund
C) Enterprise fund
D) General fund
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Comparison of the legally approved budget with
Q46: GASB and FASB Concept Statements establish accounting
Q47: The Financial Accounting Standards Board and the
Q84: Which of the following would not be
Q87: A government may have _ General Fund(s)in
Q90: Which of the following funds is not
Q119: Permanent funds can be either a governmental
Q120: The term "fiduciary funds" applies to:<br>A) enterprise
Q131: Which fund category must change from modified
Q150: According to GASB standards relating to Budgetary