(Matching-use of funds) Using the following codes, indicate which description best fits the funds listed by placing...
Question:
(Matching-use of funds) Using the following codes, indicate which description best fits the funds listed by placing the code in the space provided. GF SRF CPF DSF General Fund Special Revenue Fund Capital Projects Fund EF ISF Debt Service Fund Enterprise Fund Internal Service Fund 1. Services are provided to the general public and the costs of providing the services are financed by user charges. 2. Resources are accumulated to pay principal and interest on general long-term debt. 3. Accounting for the police department activities. 4. Goods or services are furnished to other segments of the governmen- tal unit on a user charge basis. 5. Acquisition and use of resources provided by the U.S.government for a particular purpose. 6. Expenditures are made by the city's streets department. 7. An "operating income" figure is computed.
Step by Step Answer:
Introduction To Government And Not For Profit Accounting
ISBN: 9780130464149
5th Edition
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch