Accounting for Special Revenue Funds is most similar to accounting for a Special Assessments Fund.

Question

Quizplus · Accepted Answer

Special Revenue Funds are used to account for specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects, which is different from Special Assessments Funds that are used to account for the financing of goods or services provided by a governmental entity to specific parcels of land.

Accounting for Special Revenue Funds Is Most Similar to Accounting