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Author Question: A city uses a Library Fund to account for proceeds restricted for an addition to the main library ... (Read 408 times)

Davideckstein7

  • Hero Member
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  • Posts: 555
on: Jul 5, 2018
A city uses a Library Fund to account for proceeds restricted for an addition to the main library and construction of neighborhood libraries. The Library Fund is a:
 
  a. Capital Projects Fund
  b. General Fund
  c. Permanent Fund
  d. Debt Service Fund
  e. Private-Purpose Trust Fund

Question 2

A local government always will have
   One or more
   a General Fund Special Revenue Funds
 
  a. yes no
  b. no yes
  c. no no
  d. yes yes


jharrington11

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  • Posts: 365
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

a


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