Question
The state collects a gasoline tax that must be used to support highway construction and maintenance. The gasoline tax revenue should be accounted for in
The state collects a gasoline tax that must be used to support highway construction and maintenance. The gasoline tax revenue should be accounted for in which of the following funds?
a. General fund | ||
b. Special Revenue fund | ||
c. Debt Service fund | ||
d. Internal Service fund |
Which of the following is not a category of program revenue reported on the statement of activities at the government wide level?
a. General program revenue | ||
b. Charge for services | ||
c. Operating grants and contribution | ||
d. Capital grants and contributio |
The sum of fund balance in the beginning of the year and estimated revenues are less than the Appropriations. Does it amount to:
a. Compliance to state balance budget laws | ||
b. Violation of state balance budget laws | ||
c. Balanced budget | ||
d. None of the above |
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