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ACCT 567 WEEK 5 TEST ALL QUESTIONS AND ANSWERS

ACCT 567 WEEK 5 TEST ALL QUESTIONS AND ANSWERS

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ACCT 567 WEEK 5 TEST ALL QUESTIONS AND ANSWERS

1.

Question :

(TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

Enterprise Fund

Internal Service Fund

Advance Fund

Agency Fund

2.

Question :

(TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis?

General Fund

Enterprise Fund

Internal Service Fund

Permanent Fund

3.

Question :

(TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)

Private-Purpose Trust Fund.

Investment Trust Fund.

Pension Trust Fund.

Agency Fund.

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