The ______ Fund accounts for and reports the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purpose other than debt service or capital projects.
A) Agency
B) Enterprise
C) Special revenue
D) General

Question

Quizplus · Accepted Answer

Special revenue funds account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for a specified purpose other than debt service or capital projects. These include activities funded by federal or state grants or by taxes specifically restricted to certain activities.

The ______ Fund Accounts for and Reports the Proceeds of Specific