Multiple Choice
Revenue from property taxes should be recorded in the General Fund
A) when received.
B) in the period for which the taxes are levied.
C) at the time of eligibility.
D) when they are available for recognition.
E) in the period in which they are consumed.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: When a city received a private donation
Q24: In governmental accounting, what term is used
Q48: Generally, annual budgets are recorded within the
Q61: Which statement is not correct?<br>A) Governmental funds
Q64: On July 1,2008,Fred City ordered $1,500 of
Q68: A new truck was ordered for the
Q70: Which standard issued by the Governmental Accounting
Q73: A city operates a central data processing
Q75: Under modified accrual accounting, when should revenues
Q76: Fiduciary funds are<br>A) Funds used to account