4. Lacking sufficient cash for operations, a city borrows money from a bank, using as collateral the expected receipts from levied property taxes. Upon receipt of cash from the bank, the general fund...


4. Lacking sufficient cash for operations, a city borrows money from a bank, using as collateral the expected receipts from levied property taxes. Upon receipt of cash from the bank, the general fund would credit a. Revenues.


b. Other Financing Sources.


c. Tax Anticipation Notes Payable.


d. Taxes Receivable—Delinquent.



Jan 13, 2022
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