1 answer

CES 1 x Your answer is incorrect. Try again. A commitment was made to transfer general...

Question:

CES 1 x Your answer is incorrect. Try again. A commitment was made to transfer general revenues to the entity in charge of pr
CES 1 x Your answer is incorrect. Try again. A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies. General Fund udy ✓ Capital Projects Funds Pension and Other Employee Benefit Trust Funds Permanent Funds Enterprise Funds Investment Trust Funds Private-Purpose Trust Funds Agency Funds Special Revenue Funds Debt Service Funds ✓ Internal Service Funds

Answers

The correct answer will be Special Revenue Funds. It is because a special revenue fund is a fund set aside by a government entity to record the proceeds from a particular revenue source for which fund usage is restricted. Other examples of special revenue funds include the funding of parks and other government expenses. They are used to make it easier to reconcile cash inflows and outflows.

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