Question
1. Bond proceeds used to construct a new library should be recorded in: General Fund Special Revenue Fund Capital Projects Fund Internal Service Fund 2.
1. Bond proceeds used to construct a new library should be recorded in:
- General Fund
- Special Revenue Fund
- Capital Projects Fund
- Internal Service Fund
2. The City of Reagan entered into a contract with Diamond Construction to build a new civic center. The encumbrance will be recorded in:
- General Fund
- Permanent Fund
- Capital Projects Fund
- Debt Service Fund
3. Principal and interest payments to bond holders are recorded in the:
- Debt Service Fund
- Special Revenue Fund
- General Fund
- Capital Projects Fund
4. The General Fund made a transfer to the Debt Service Fund for the payment of principal on outstanding general obligation bonds. This transaction requires a journal entry in the:
- General Fund
- Debt Service Fund
- General Fund and Debt Service Fund
- General Fund, Debt Service Fund, and Special Revenue Fund
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A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management
Authors: Ushe Makambe
1st Edition
365951960X, 978-3659519604
