Q9:

The efficient and effectiveness in using resources is one of the questions the users seeks to answer from governmental financial reports.

a.

TRUE

b.

FALSE

Q10:

A transaction in which a government issues general obligation bonds to finance the construction of a new police station would

a.

Increase fund balance in a Capital Projects Fund.

b.

Increase liabilities in a Capital Projects Fund.

c.

Increase liabilities in a Debt Service Fund.

d.

Decrease fund balance in a Debt Service Fund.