Which fund is likely restricted to expenditure for specific operational purposes:

A) Capital fund

B) Debt fund

C) Fuduciary Fund

D) Special revenue fund

Which government funds account for resources that are legally restricted so only their earning, not principal may be used to finance operations:

A) Special revenue funds

B) Capital project funds

C) Permanent funds

D) Debt service funds

Revenues from voluntary non exchange transactions, such as donations and certain grants, should be recognized in governmental funds when:

A) the assets are fully depreciated

B) assets are determined useful

C) expense is matched with revenue

D) the assets are received