1. Which of the following would be classified as a general revenue? A. Parking meter fees. B. Special assessment charges for snow removal. C. Library fines. D. Fuel taxes earmarked for maintenance of roads and bridges. 2. When supplies ordered for use in an activity accounted for in the General Fund are received at an actual price that is more than the estimated price on the purchase order, the Encumbrance account is A. Debited for the estimated price on the purchase order. B. Credited for the estimated price on the purchase order. C. Debited for the actual price for the supplies received. D. Credited for the actual price for the supplies received. 3. The County Commission of Benton County adopted its General Fund budget for the year ending June 30, comprising estimated revenues of $3,200,000 and appropriations of $2,900,000. Benton County utilizes the budgetary accounts required by GASB standards. The journal entry to record budgeted appropriations will include A. A credit to Appropriations, $2,900,000. B. A credit to Encumbrances, $2,900,000. C. A debit to Estimated Expenditures, $2,900,000. D. A credit to Budgetary Fund Balance, $2,900,000. 4. The County Commission of Benton County adopted its General Fund budget for the year ending June 30, comprising estimated revenues of $3,200,000 and appropriations of $2,900,000. Benton County utilizes the budgetary accounts required by GASB standards. The budgeted excess of estimated revenues over appropriations will be recorded as A. A credit to Surplus Revenues, $300,000. B. A debit to Estimated Excess Revenues, $300,000. C. A credit to Budgetary Fund Balance, $300,000. D. A memorandum entry only. 5. Which of the following types of nonexchange transactions recognize revenue when all the eligibility requirements are met? A. Voluntary nonexchange transactions. B. Imposed nonexchange transactions. C. Derived tax revenues. D. Property tax revenues. 6. Proceeds from general obligation bonds for capital construction should generally be recorded in the A. Enterprise fund. B. General Fund. C. Capital projects funds. D. Debt service funds. 7. Revenues that are legally restricted to be expended for specified operating purposes should be accounted for in special revenue funds, including A. Endowment where the investment earnings are to be used for public purposes. B. Pension trust fund revenues. C. Accumulation of resources for payment of general long-term debt principal and interest. D. Gasoline taxes to finance road repairs. 8. Which of the following is properly reported as an other financing source by the General Fund? A. Sales taxes. B. Interfund transfers in. C. Parking fines. D. Sale of zoning maps