Multiple Choice
Revenues that are legally restricted to be expended for specified operating purposes should be accounted for in special revenue funds,including
A) Endowment where the investment earnings are to be used for public purposes.
B) Pension trust fund revenues.
C) Accumulation of resources for payment of general long-term debt principal and interest.
D) Gasoline taxes to finance road repairs.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The General Fund gives assets to the
Q2: Which of the following transactions is classified
Q2: Which of the following would properly be
Q3: The Encumbrances Outstanding account is properly termed
Q5: All revenue and interfund transfers of the
Q6: Governments,unlike business organizations,generally do not incur expenditures/expenses
Q7: A contribution was received by the city
Q8: The General Fund has transferred cash to
Q9: Amounts due to or from other funds
Q10: A gas tax that is restricted for