The ______ Funds are used to account for situations in which the government is acting as a collecting/disbursing agent.
A) Agency
B) Enterprise
C) General
D) Special revenue

Question

Quizplus · Accepted Answer

Agency funds are used to account for situations in which the government is acting as a collecting/disbursing agent. An example would be a county tax agency fund, where the country collects and disburses property taxes for other taxing units within the county, such as independent school districts.

The ______ Funds Are Used to Account for Situations in Which