Question
Match the following situations with the fund or nonfund accounts best suited to account for it. A fund or nonfund will be used once. The
Match the following situations with the fund or nonfund accounts best suited to account for it. A fund or nonfund will be used once. The funds and nonfund accounts are:
A. Capital Projects Fund F. Internal Service Fund
B. Debt Service Fund G. Pension Trust Fund
C. Enterprise Fund H. Permanent Fund
D. General Fund J. Investment Fiduciary Fund
E. General Long-Term Liabilities K. Capital Assets
1. _______ The operation of a city bus line receiving all its funding from user charges.
2. _______ Expansion of Existing Courthouse.
3.________ Three Counties decided to pool their discretionary funds to purchase land which is
located in all 3 counties.
4.________ The activities of a central motor pool that provides and services vehicles for the use
of municipal employees in official business.
5. _______ The segregation of resources accumulated to pay principal and interest on long-term
debt of the general government.
6. _______ The levy and collection of property taxes for general operations of a city.
7. _______ Used to account for acquisition of major capital assets.
8. _______ Accounts for Contributions by the government and employees to be invested and
paid to employees after retirement.
9. _______ Contracts signed for purchase of computers for general government offices.
10. ______ Donation to the city where the principal is to remain intact forever and the earnings
are to be used to benefit vocational training in the city.
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