Question: Match the following terms with the most correct statement below a.Debt service fund b.Component units c.Encumbrance d.Proprietary fund e.Internal Service funds f.Special revenue fund g.General

Match the following terms with the most correct statement below

a.Debt service fund

b.Component units

c.Encumbrance

d.Proprietary fund

e.Internal Service funds

f.Special revenue fund

g.General fund

h.Trust fund

1.... Used to track resources ear-market for specific purposes

2.... Used to track resources available to pay interest and loans

3.... An enterprise or internal service fund

4.... Used do designate funds that are obligated under the legal contract.

5.... Used for routine ordinary activities of government

6.... A type of fiduciary fund

7.... Business-type fund where the services are provided to other units of government

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!