A government university that reports as a business-type special ...

[bucstennis@aim.com]

A government university that reports as a business-type special purpose government, purchases land for a planned dormitory by securing a 10-year bank loan. The entry to record the purchase and procurement of funding would include
 
  a. a DEBIT to cash.
  b. a CREDIT to notes payable.
  c. a DEBIT to expenditures.
  d. a CREDIT to other financing sources.
  e. Both items a and b.
  f. Both items c and d.

Question 2

Which category of funds is used to account for most of the day-to-day public services provided by a government?
 
  a. Fiduciary-type funds
  b. Enterprise-type funds
  c. Proprietary-type funds
  d. Governmental-type funds

[brbarasa]

Answer to Question 1

E

Answer to Question 2

d

[bucstennis@aim.com]

Excellent

[LVPMS]

Gracias!