ACCT266 Public Admin Fund Accounting CH4

ACCT266 Public Admin Fund Accounting CH4 - Question 1 1 out...

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Question 1 1 out of 1 points Which of the following is true regarding the use of Special Revenue Funds? Answer Selected Answer: Special Revenue Funds may only be used when a substantial portion of the resourc are provided by restricted or committed revenue sources. Correct Answer: Special Revenue Funds may only be used when a substantial portion of the resourc are provided by restricted or committed revenue sources. Question 2 1 out of 1 points Which of the following is an interfund transaction? Answer Selected Answer: All of the above are interfund transactions Correct Answer: All of the above are interfund transactions Question 3 1 out of 1 points When recording property taxes, the estimated uncollectible amount of property taxes is: Answer Selected Answer: Recognized as a reduction of revenue. Correct Answer: Recognized as a reduction of revenue.
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Question 4 0 out of 1 points When accounting for the General Fund, the Encumbrances Control account is credited when:
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This note was uploaded on 03/23/2012 for the course ACCT 266 taught by Professor None during the Spring '12 term at Clark State Community College.

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ACCT266 Public Admin Fund Accounting CH4 - Question 1 1 out...

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