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 finance general activities of the government.
D) Fund used to account for revenues from specific taxes or other revenue sources that are restricted or committed to particular activities of the government other than capital projects.
Correct Answer:
Verified
Q40: In special revenue funds,revenues are recognized when
Q41: The journal entry to record the re-establishment
Q42: Regarding interfund transactions,which of the following is
Q44: The journal entry to record the budget
Q47: Which of the following is not true
Q48: Which of the following is not correct
Q50: Which of the following statements is not
Q55: The journal entry to record an encumbrance
Q55: Which of the following statements is not
Q58: Reciprocal interfund activity:
A) Is the internal counterpart
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