Homework SourseWhich of the following funds use the current financial resou
Which of the following funds use the current financial resources measurement flocus and modified accrual accounting? (select all that apply)
Special Revenue Fund
General Fund
Capital Projects Fund
Enterprise Fund
Agency Fund
Debt Service Fund
Internal Service Fund
Permanent Fund
| A. | Special Revenue Fund | |
| B. | General Fund | |
| C. | Capital Projects Fund | |
| D. | Enterprise Fund | |
| E. | Agency Fund | |
| F. | Debt Service Fund | |
| G. | Internal Service Fund | |
| H. | Permanent Fund |
Solution
solution:- special revenue fund
general fund
capital projects funds
debt service funds
permanent funds
* modified aarual basis of accounting is a combination of both cash an accrual basis of accounting ,revenues are realized when it is reasonably estimated i.e measurable and realisable to meet the expenditures within 60 days.
