Multiple Choice
Special Revenue funds are
A) Funds used to account for the activities of a government that are carried out primarily to provide services to citizens.
B) Funds used to account for a government's ongoing organizations and activities that are similar to those operated by for-profit organizations.
C) Funds used to account for monies held by the government in a trustee or agency capacity.
D) Funds used to account for all financial resources except those required to be accounted for in another fund.
E) Funds used to account for resources that are restricted or committed for a specific purpose other than debt payments or capital projects.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: What account is debited in the general
Q43: What is the primary difference between monies
Q44: Under modified accrual accounting, when are expenditures
Q45: The Town of Lanarte has recorded the
Q46: Which of the following statements is true
Q48: According to GASB Concepts Statement No. 1,
Q49: Governmental funds are<br>A) Funds used to account
Q50: According to GASB Concepts Statement No. 1,
Q51: When should property taxes be recognized under
Q52: Which of the following is not a