If a county collects taxes on behalf of the city and school district, it would record the taxes in the

Name: If a county collects taxes on behalf of the city and school district, it would record the taxes in the
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Question

Quizplus · Accepted Answer

The correct answer is C) Agency Fund. This is because when a government collects taxes or other revenues on behalf of another government, organization, or individual, it acts as an agent. The Agency Fund is used to account for resources held by the government in a purely custodial capacity.

If a County Collects Taxes on Behalf of the City