Start New Topic
  
  
  
  
Top Posters
Since Sunday
38
31
30
30
29
28
27
26
26
25
25
24
New Topic  
wrote...
Posts: 990
Rep: 6 0
3 months ago
Match the following situations with the fund or nonfund account best suited to account for it. A fund or nonfund account may be used more than once.  The funds and nonfunds accounts are:

Situations   
 
   1. Federal grant proceeds received for construction of a new elementary school building

   2. Municipal electric utility bonds to be repaid from customer charges

   3. General obligation bonds issued to finance construction of a new elementary school building

   4. Activities of a central print shop that provides custom printing services to all campus departments

   5. Financial resources set aside to service the principal and interest on general obligation debt

   6. A special hotel occupancy sales tax that can only be used for city economic development promotional activities

   7. Financial resources legally restricted to the extent that only earnings, and not the principal, may be used to benefit the government or its citizenry

   8. Monthly payroll deductions from employees to be remitted to an insurance company to pay for medical insurance premiums

Funds and Non-Funds

A.   General Fund
B.   Special Revenue Fund
C.   Capital Projects Fund
D.   Debt Service Fund
E.   Permanent Fund
F.   Enterprise Fund
G.   Internal Service Fund
H.   Trust Fund
I.   Agency Fund
J.   General Capital Assets
K.   General Long-Term Liabilities


 
Read 29 times
1 Reply
Using: Governmental and Nonprofit Accounting: Theory and Practice, 11e (Freeman)
Replies
Answer verified by a subject expert
wrote...
Staff Member
Top Poster
Posts: 1331
2 months ago
Sign in or Sign up in seconds to unlock everything on Biology Forums.
Answers:

1.   D
2.   L
3.   A
4.   J
5.   H
6.   C
7.   F
8.   B
9.   I
10.   G
11.   E
12.   D
13.   C
14.   K
Thank you for using Biology-Forums.
New Topic      
    
Share This Topic
Similar topics that might interest you...
Accounting   3 years ago   goji.go   f_zah1   3 Replies   110 Views
Accounting   3 years ago   goji.go   f_zah1   3 Replies   198 Views
Insurance   A year ago   JamesLu   Toni_Annette   1 Reply   33 Views
Accounting   3 months ago   logiol22   2 Replies   10 Views
Accounting   2 months ago   derro   bolbol   1 Reply   22 Views

Explore
Post homework questions online and get free homework help from tutors.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  345 People Browsing
 1161 Signed Up Today
Related Images
 4748
 960
 68
Poll
In one word, how would you rate our website?
Awesome
Good
Mediocre
Other
If you would like to vote in this poll, please login or register

Previous poll results: Where do you get your textbooks?