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In governmental accounting, which of the following is a type of fund used to account for revenues that are restricted to being spent for a
In governmental accounting, which of the following is a type of fund used to account for revenues that are restricted to being spent for a specific purpose? Select the single best answer A general fund B. special fund C. proprietary fund D. fiduciary fund XYZ Company keeps its accounting records on a cash basin. During the recent year, the company collected $500,000 from customers. What was the amount of service revenue for the year on an accrual basis? Beginning of the Year End of the Year Accounts Receivable $290,000 $345,000 Unearned Revenue $25,000 $45,000 Select the single best answer: A. $425,000 B. $445,000 C. $455,000 D. $575,000 A district uses 25% of a fund to pay a debt of $6,500. After the debt has been paid, what is the remaining balance in th fund? Select the single best answer: A. $5,500 B. $8,100 C. $19,500 D. $28,000 A balance of $20,000 is to be carried in a revolving cash account (petty cash fund). Which of the following is most likely the reason the balance is $19,500 at a given dato? Select the single best answer A. $500 were misplaced B. petty cash was over-expended C. not all petty cash expenditures have been replenished D. none of the above foar
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