Trust funds, various funds, and account groups. Select the best answer for each of the following multiple-choice items. (Nos. 4, 7, and 10 are AICPA adapted.)
1. In which of the following fund types of a city government are revenues and expenditures recognized on the same basis of accounting as the general fund?
a. Private-purpose trust funds
b. Internal service
c. Enterprise
d. Debt service
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here