Multiple Choice
In governmental accounting,a fund is best defined as:
A) a sum of cash set aside to attain certain objectives
B) a fiscal entity that has both financial and capital resources
C) a fiscal entity that has cash resources only
D) a fiscal and accounting entity with a self-balancing set of accounts
Correct Answer:
Verified
Correct Answer:
Verified
Q41: Which of the following terms best describes
Q42: Which of the following statements about capital
Q43: Governmental accounting normally does not<br>A)use separate funds
Q44: Under modified accrual accounting,when are revenues considered
Q45: A city has a General Fund and
Q47: The Dillard Park Fund is used to
Q48: State whether these statements are true or
Q49: A local government sells bonds having a
Q50: A long-term loan from the General Fund
Q51: Within a fund,which of the following results