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Which of the following would result in an increase in the fund balance of a Government Fund? a. Purchase of a general government capital asset

Which of the following would result in an increase in the fund balance of a Government Fund?

a.

Purchase of a general government capital asset

b.

Transfer of money out of the fund to another fund of the same government

c.

Transfer of money into the fund from another fund of the same government

d.

Payment of general government long-term debt principle and related interest

2.

General government financial resources that are designated by an SLG to be used to pay for the acquisition of a major general government capital asset would most likely be accounted for by the SLG in

a.

A Special Revenue Fund

b.

A Permanent Fund

c.

The GCA

d.

A Capital Projects Fund

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