Which of the Following Is a Governmental Fund

question 5

Multiple Choice

Which of the following is a governmental fund?

• A) Enterprise fund.
• B) Internal service fund.
• C) Permanent fund.
• D) Investment trust fund.
• E) Agency fund.

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Definitions:

Garnishment Process

A legal procedure by which a creditor can collect what a debtor owes by requiring a third party to turn over the debtor's wages or property.

Limitations

Restrictions or time limits within which legal action must be initiated or rights enforced to prevent stale claims.

Counterclaim

A claim made by a defendant in opposition to, or as a retaliation against, the plaintiff's claim in a lawsuit.

Costs(Awarded)

Expenses that a court orders one party to pay another, often as part of the judgment in a legal case.