1- The General Fund

o It is established to account for all funds that are restricted and unrestricted

o It is set to take into account only special purpose funds that will later become unrestricted general use funds once the project is complete

o It is used by all governments that report the activities of government funds

o Used to count all donations or tax refund money received o

2- The usual classifications for the recognition of expenses for bonds include all of the following, except: o Income from budget credits o Tax agent fees o Interests o Principles

Income from budget credits
o Tax agent fees
o Interests

o Principles

3- An example of an external fiduciary relationship would include:

o Compensation funds paid to individuals

o Compensation funds paid to other organizations

o o Advance accounts

o Taxes collected for other governments