ACCT 4421- Name the Fund Questions and
Answers 100% Correct
specific revenue sources are dedicated to a particular purpose other than capital projects or debt
service Correct Answ_special revenue fund
expenditures are made by the city's street department Correct Answ_capital project fund /
general fund
an "operating income" figure is computed Correct Answ_enterprise fund
purchase of computers for the city's clerk office Correct Answ_general fund
collection of landing fees at the city owned airport Correct Answ_enterprise fund
earnings on investments set aside to make principal payments on outstanding bonds issued to
finance improvements to the city's bridges Correct Answ_debt service fund
salaries paid to fire figters Correct Answ_general fund
, payment to a contractor for work on a bridge Correct Answ_capital project fund
parish library operations are financed by a portion of the tax levy restricted for that purpose
Correct Answ_special revenue fund
the city purchases stationary from an outside supplier that will be sold to its various operating
departments Correct Answ_internal service fund
bonds issued to finance expansion of the city-owned electric utility company Correct
Answ_enterprise fund
the city receives a $5M contribution. the donor stipulates the money is to be invested in
marketable securities and the interest from the securities can be used to maintain the city park.
Correct Answ_permanent fund
the city pays interest on bonds issued to finance a new library building. Correct Answ_debt
service fund
Answers 100% Correct
specific revenue sources are dedicated to a particular purpose other than capital projects or debt
service Correct Answ_special revenue fund
expenditures are made by the city's street department Correct Answ_capital project fund /
general fund
an "operating income" figure is computed Correct Answ_enterprise fund
purchase of computers for the city's clerk office Correct Answ_general fund
collection of landing fees at the city owned airport Correct Answ_enterprise fund
earnings on investments set aside to make principal payments on outstanding bonds issued to
finance improvements to the city's bridges Correct Answ_debt service fund
salaries paid to fire figters Correct Answ_general fund
, payment to a contractor for work on a bridge Correct Answ_capital project fund
parish library operations are financed by a portion of the tax levy restricted for that purpose
Correct Answ_special revenue fund
the city purchases stationary from an outside supplier that will be sold to its various operating
departments Correct Answ_internal service fund
bonds issued to finance expansion of the city-owned electric utility company Correct
Answ_enterprise fund
the city receives a $5M contribution. the donor stipulates the money is to be invested in
marketable securities and the interest from the securities can be used to maintain the city park.
Correct Answ_permanent fund
the city pays interest on bonds issued to finance a new library building. Correct Answ_debt
service fund
