Match the following terms with the most correct statement below. a. Debt service fund b. Component units
Question:
a. Debt service fund
b. Component units
c. Encumbrance
d. Proprietary fund
e. Internal service funds
f. Special revenue fund
g. General fund h. Trust fund
1. ______ Used to track resources earmarked for a specific purpose.
2. ______ Fund used to track resources available to pay interest and loans.
3. ______ An enterprise or internal service fund.
4. ______ Used to designate funds which are obligated under a legal contract.
5. ______ Used for routine ordinary activities of government.
6. ______ A type of fiduciary fund.
7. ______ Business- type fund where the services are provided to other units of government.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Question Posted: