What is a Special Revenue Fund?
A) Fund created to account for all resources and revenues to be used for the construction or acquisition of capital assets
B) Fund used to account for all revenue transactions of a governmental unit that are not accounted for in another fund
C) Fund used to account for revenues from general taxes or other revenue sources that by law are designated to finance general activities of the government
D) Fund used to account for revenues from specific taxes or other revenue sources that by law are designated to finance particular activities of the government other than capital projects
Correct Answer:
Verified
Q47: Indicate which of the following use
Q48: The General Fund of the City of
Q50: A local government was awarded a federal
Q53: Under the modified accrual basis of accounting,GASB
Q57: GASB standards for property tax revenue recognition
Q62: Which of the following is not likely
Q67: Which of the following is true regarding
Q68: Which of the following would not be
Q74: Which of the following is not one
Q77: Expenditures are generally recorded and fund liabilities
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents