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Match the following situations with the fund or nonfund accounts best suited to account for it.A fund or nonfund accounts may be used more than
Match the following situations with the fund or nonfund accounts best suited to account for it.A fund or nonfund accounts may be used more than once.Thefunds and nonfund accounts are:
AAgency FundGGeneral Long-Term Liability Ac
BCapital Projects Fund HInternal Service Fund
CDebt Service FundIPension Trust Fund
DEnterprise FundJPermanent Fund
EGen Capital Asset Ac KPrivate Purpose Trust Fund
FGeneral FundLSpecial Revenue Fund
- The operations of a city bus line receiving all its funding from user charges.
- Receipts from a special fishing tax restricted to maintain the (no-charge) public fishing pier.
- Collects taxes withheld from employees throughout the government and makes payments to the appropriate government for these withholdings.
- Donation to the city to be invested in perpetuity with the earnings from that investment to help maintain city parks.
- The activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business.
- The segregation of resources accumulated to pay principal and interest on long-term debt of the general government.
- The levy and collection of property taxes for general operations of a city.
- Used to account for acquisition of major capital assets.
- Accounts for contributions by the government and employees to be invested and paid to employees after retirement.
10.Amounts owed to general government bondholders that must be paid in the
future.
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