Question show the fund or nonfund accounts that should be

Assignment Help Managerial Accounting

Reference no: EM13349512

Question :

Show the fund or nonfund accounts that should be used to account for each of the subsequent:

1. Tax revenues restricted for road maintenance.

2. Resources restricted for construction of a new government office building.

3. Typical sewer and water departments.

4. Unrestricted tax revenues.

5. School buildings.

6. Bonds payable issued in a prior year for general government purposes.

7. The portion of general government bonds payable that matures in the next fiscal year.

8. Cash and investments of a bond sinking fund established to service general government long-term debt.

9. Capital assets of a government department that sells services to the public as the primary ongoing source of financing for its operations.

10. Long-term note for the government's central motor pool that "rents" vehicles to other departments and agencies of the government at a rate that reimburses its costs.

Reference no: EM13349512

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