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    Advanced Accounting Study Set 8
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    Exam 16: Accounting for State and Local Governments
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    Revenue from Property Taxes Should Be Recorded in the General
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Revenue from Property Taxes Should Be Recorded in the General

Question 2

Question 2

Multiple Choice

Revenue from property taxes should be recorded in the General Fund


A) when received.
B) when there is an enforceable legal claim.
C) when they are available for recognition.
D) in the period for which they are required or permitted to be used.
E) in the period in which the tax bills are mailed.

Correct Answer:

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