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The ______ Fund Accounts for and Reports the Proceeds of Specific

question 120

Multiple Choice

The ______ Fund accounts for and reports the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purpose other than debt service or capital projects.


Definitions:

Payee

The party in a financial transaction who receives the payment.

Negotiating

Negotiating involves discussing terms and conditions with the goal of reaching an agreement or compromise on matters of business, trade, or interpersonal issues.

Dishonored

A term referring to a financial instrument, such as a check, that has been refused payment by the bank upon presentation.

Indorse

To sign the back of a financial instrument, thus transferring ownership or to endorse it.

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