Which of the following is an example of activities that are likely to be accounted for in a government's general fund?
A)business-type activities of government that are financed by user charges
B)sales taxes collected by a state on behalf of counties within the state
C)property taxes to be used to provide basic government services
D)donations that must be kept intact,but whose income must be used to beautify parks

Question

Quizplus · Accepted Answer

The general fund of a government is used to account for activities that are not specifically accounted for in other funds. These activities typically include providing basic government services such as police and fire protection, public education, and maintaining roads and infrastructure. Property taxes are a common revenue source for the general fund and are used to support these types of activities. Business-type activities financed by user charges would typically be accounted for in an enterprise fund. Sales taxes collected by a state on behalf of counties would be accounted for in special revenue funds. Donations that must be kept intact and whose income must be used for specific purposes, such as beautifying parks, would be accounted for in a separate fund such as a trust fund.

Which of the Following Is an Example of Activities That