Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Exercise 32

Identification of fund type. Identify the letter that best describes the accounting and reporting by the following funds and account groups:
1. Enterprise fund fixed assets.
2. Capital projects fund.
3. General fixed assets.
4. Infrastructure fixed assets.
5. Enterprise fund cash.
6. General fund.
7. Agency fund cash.
8. General long-term debt.
9. Special revenue fund.
10. Debt service fund.
a. Accounted for in a fiduciary fund.
b. Accounted for in a proprietary fund.
c. Accounted for in a quasi-endowment fund.
d. Accounted for in a self-balancing account group and included in financial statements.
e. Accounted for in a special assessment fund.
f. Accounts for major construction activities.
g. Accounts for property tax revenues.
h. Accounts for payment of interest and principal on tax-supported debt.
i. Accounts for revenues from earmarked sources to finance designated activities.
j. Reporting is optional.