Question
Match the following terms with the most correct statement below: a. Debt service fund b. Component units c. Encumbrance d. Proprietary fund e. Internal service
Match the following terms with the most correct statement below:
a. Debt service fund
b. Component units
c. Encumbrance
d. Proprietary fund
e. Internal service funds
f. Special revenue fund
g. General fund
h. Trust fund
1. ________________ Used to track resources earmarked for a specific purpose.
2. ________________ Funds used to track resources available to pay interest and loans.
3. ________________ An enterprise or internal service fund.
4. ________________ Used to designate funds which are obligated under a legal contract.
5. ________________ Used for routine ordinary activities of government.
6. ________________ A type of fiduciary fund.
7. ________________ Business-type fund where the services are provided to other units of government.
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