The ______ Funds are used when resources are provided primarily through the use of sales and service charges to parties external to the government.
A) Special Revenue
B) General
C) Enterprise
D) Agency

Question

Quizplus · Accepted Answer

The Enterprise Funds are used when resources are provided primarily through the use of sales and service charges to parties external to the government, such as fees for water, sewer, or public transportation services. Special Revenue Funds are used when resources are restricted or committed for specific purposes other than debt service or capital projects, and are often supported by taxes or grants. General Funds are used for general government operations, while Agency Funds are used to hold resources in a custodial capacity for individuals, organizations, or other governments.

The ______ Funds Are Used When Resources Are Provided Primarily