The receipts of a special tax levy to retire principal and pay ...

[bcretired]

The receipts of a special tax levy to retire principal and pay interest on general obligation bonds issued to finance the construction of a new fire hall should be accounted for in the
 
  A. General Fund.
  B. Special Revenue Fund.
  C. Debt Service Fund.
  D. General Long-Term Liabilities account.

Question 2

The text takes the following view of the relationship between an IS and an AIS:
 a. the AIS is part of the IS
  b. the IS is part of the AIS
  c. the IS and the AIS are one in the same
  d. the AIS is the primary system and the IS the subsystem

[31809pancho]

Answer to Question 1

C

Answer to Question 2

C