Governmental Accounting Exam 2
Chapters 4-6 questions & answers.
Governmental Fund Type-1 ANS -General Fund
Governmental Fund Type-2 ANS -Special Revenue Fund
Governmental Fund Type-3 ANS -Capital Project Fund
Governmental Fund Type-4 ANS -Debt Service Funds
Governmental Fund Type-5 ANS -Permanent Funds
General Fund Accounting Method ANS -Modified Accrual
Special Revenue Fund Accounting Method ANS -Modified Accrual
Capital Project Funds Accounting Method ANS -Modified Accrual
Debt Service Funds Accounting Method ANS -Modified Accrual
Permeant Funds Accounting Methods ANS -Modified Accrual
Governmental-type funds use this measurement focus ANS -Current financial resources
current financial resources measurement focus ANS -Refers to what is being reported in governmental-
type funds and resources that can be consumed in the near future
3 types of funds overall ANS -Governmental, Proprietary, Fiduciary
Chapters 4-6 questions & answers.
Governmental Fund Type-1 ANS -General Fund
Governmental Fund Type-2 ANS -Special Revenue Fund
Governmental Fund Type-3 ANS -Capital Project Fund
Governmental Fund Type-4 ANS -Debt Service Funds
Governmental Fund Type-5 ANS -Permanent Funds
General Fund Accounting Method ANS -Modified Accrual
Special Revenue Fund Accounting Method ANS -Modified Accrual
Capital Project Funds Accounting Method ANS -Modified Accrual
Debt Service Funds Accounting Method ANS -Modified Accrual
Permeant Funds Accounting Methods ANS -Modified Accrual
Governmental-type funds use this measurement focus ANS -Current financial resources
current financial resources measurement focus ANS -Refers to what is being reported in governmental-
type funds and resources that can be consumed in the near future
3 types of funds overall ANS -Governmental, Proprietary, Fiduciary