A transaction in which a government gives or receives value without directly receiving or giving equal value in exchange is known as afn): A) Non-exchange Transaction. B) Fair Exchange. C) Equity Transaction. D) Not Fair Market Exchange transaction. 9. 10. The Revenues account of a government is credited when: A) property taxes are recorded. B) property taxes are collected. C) the budget is recorded in the accounts. D) budgetary accounts are closed at the end of the year. 11. All of the following are budgetary accounts except: A) Estimated Revenues B) Appropriations C) Expenditures D) All the above 12. The difference between an expenditure and an encumbrance is? A) An expenditure is the actual amount of an authorized liability and encumbrances are estimates. B) An encumbrance is an expended expenditure. C) There is no difference between the two. D) Expenditures are estimates and encumbrances are not. 13. Which of the following is true regarding the use of Special Revenue Funds? Special Revenue Funds may be used whenever a government wishes to segregate income for specific purposes. A) B) Assigned resources may be accounted for in a Special Revenue Fund C) Special Revenue Funds may only be used when a substantial portion of the resources are provided by restricted or committed revenue sources. D) Once a Special Revenue Fund is established, it will continue to be a Special Revenue Fund until all resources are exhausted