Which of the following should be reported as expenditures in a county General Fund? (1) Reimbursement of
Question:
Which of the following should be reported as expenditures in a county General Fund? (1) Reimbursement of a Special Revenue Fund for General Fund expenditures inadvertently paid for from and recorded in the Special Revenue Fund. (2) Water services received from the county Water Enterprise Fund. (3) Payment of the federal income tax withheld from employee paychecks to the federal government. (4) Payment to a Debt Service Fund to provide resources for principal and interest payments that matured and were paid during the year.
a. (1) only
b. (2) only
c. (3) only
d. (4) only
e. (1) and (2) only
f. None of the above. The correct answer is__________.
Step by Step Answer:
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,