ZuoTi.Pro
Question

CES 1 x Your answer is incorrect. Try again. A commitment was made to transfer general revenues to the entity in charge of pr
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

The correct answer will be Special Revenue Funds. It is because a special revenue fund is a fund set aside by a government entity to record the proceeds from a particular revenue source for which fund usage is restricted. Other examples of special revenue funds include the funding of parks and other government expenses. They are used to make it easier to reconcile cash inflows and outflows.

0 0
Add a comment
Know the answer?
Add Answer to:
CES 1 x Your answer is incorrect. Try again. A commitment was made to transfer general...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Exercise 18-2 The following transactions take place. Indicate the name of the fund(s) in which each...

    Exercise 18-2 The following transactions take place. Indicate the name of the fund(s) in which each of the transactions or events should be recorded. (a) A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies. General Fund Agency Funds Special Revenue Funds Enterprise Funds Pension and Other Employee Benefit Trust Funds Permanent Funds Capital Projects Funds Investment Trust Funds Private-Purpose Trust Funds Debt Service Funds Internal Service Funds

  • Exercise 18-2 The following transactions take place. Indicate the name of the fund(s) in which each...

    Exercise 18-2 The following transactions take place. Indicate the name of the fund(s) in which each of the transactions or events should be recorded. (a) A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies. o Capital Projects Funds Enterprise Funds O Pension and Other Employee Benefit Trust Funds Agency Funds Investment Trust Funds Permanent Funds O Private-Purpose Trust Funds Debt Service Funds o General Fund Internal Service Funds Special...

  • Exercise 18-1 Your answer is incorrect. Try again. The following transactions take place. Indicate the name...

    Exercise 18-1 Your answer is incorrect. Try again. The following transactions take place. Indicate the name of the fund in which each of the transactions or events should be recorded. 1. A cement mixer was purchased with resources of the general fund. Investment Trust FundsPermanent FundsCapital Projects FundsPension and Other Employee Benefit Trust FundsSpecial Revenue FundsPrivate-Purpose Trust FundsEnterprise FundsAgency FundsDebt Service FundsGeneral FundInternal Service Funds 2. A contract was signed for the construction of a new civic center. Capital Projects...

  • Indicate whether the item in each column is reported in the financial statements of the fund...

    Indicate whether the item in each column is reported in the financial statements of the fund types listed below by clicking the corresponding boxes. If an item does not apply, leave the corresponding box blank. You may check more than one box for each item. Statement Capital assets Long-term liabilities Encumbrances 1. General fund 2. Special revenue funds 3. Capital projects funds 4. Debt service funds 5. Permanent funds 6. Enterprise funds 7. Internal service funds 8. Pension (and other...

  • 1 2 3 4 5 Indicate whether the item in each column is reported in the...

    1 2 3 4 5 Indicate whether the item in each column is reported in the financial statements of the fund types listed below by clicking the corresponding boxes. If an item does not apply, leave the corresponding box blank. You may check more than one box for each item. Capital assets Long-term liabilities Encumbrances Statement 1. General fund 2. Special revenue funds 3. Capital projects funds 4. Debt service funds 5. Permanent funds 6. Enterprise funds 7. Internal service...

  • 1.) Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise...

    1.) Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service Funds, three Pension Trust Funds, and one Private-Purpose Trust Fund. Assuming all governmental and enterprise funds meet the major fund criteria, how many columns will the proprietary fund statement of net position have? Select one: a. Two (2). b. Three (3). c. Four (4). d. Five (5). 2.) In the proprietary fund statements, a government should include a separate column...

  • 1.) Which governmental fund must always be reported in a separate column in the governmental fund...

    1.) Which governmental fund must always be reported in a separate column in the governmental fund financial statements? Select one: a. Capital Projects Fund. b. Debt Service Fund. c. General Fund. d. Special Revenue Fund. 2.) Major fund reporting is required for which of the following fund types? Select one: a. Enterprise Funds. b. Internal Service Funds. c. Agency Funds. d. Private-Purpose Trust Funds.

  • 1 question 2 parts thanks Which of the following funds includes both current and non current...

    1 question 2 parts thanks Which of the following funds includes both current and non current assets? All of these funds include current and non current assets Special revenue fund Internal service fund Capital projects fund Which of the following is not an example of a fiduciary fund? O All of the Above are Fiduciary Funds Pension Trust Fund Tax Agency Fund Permanent Fund

  • Listed below are the typical funds that might be used by a state or local government...

    Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list the transaction would be entered....

  • Listed below are the typical funds that might be used by a state or local government...

    Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list, the transaction would be entered....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT