The voters of the city passed an ordinance to increase their sales tax by ¼ percent.The proceeds of the sales tax are to be used for culture and recreation.In the governmental activities journal,how would the ¼ percent sales tax revenue be recorded?

Question

Quizplus · Accepted Answer

Sales tax is typically recorded as general revenue because it is not directly tied to a specific program or service, even if the proceeds are designated for a particular purpose like culture and recreation.

The Voters of the City Passed an Ordinance to Increase