Multiple Choice
Which governmental fund includes resources that are legally restricted so that the governmental entity must maintain the principal and can use only the earnings from the fund's resources to benefit the government's programs for all of its citizens?
A) General fund
B) Special revenue fund
C) Capital projects fund
D) Permanent fund
Correct Answer:

Verified
Correct Answer:
Verified
Q27: The general fund of Gillette levied property
Q28: Assuming there is a budget surplus,which of
Q29: The general fund of the City of
Q30: Goshen City acquires $36,000 of inventory on
Q31: The following information was obtained from the
Q33: What amount should be reported as expenditures
Q34: On July 25,20X8,the city of Pullman,which reports
Q35: In accounting for governmental funds,which of the
Q36: Works of art and historical treasures purchased
Q37: The general ledger of Covington contains the