Which of the Following Is True Regarding Capital Projects Funds

question 2

Multiple Choice

Which of the following is true regarding capital projects funds?

• A) Encumbrances accounting is employed.
• B) Encumbrances accounting is not normally employed,but Estimated Revenues and Appropriations accounts are used.
• C) No budgetary accounts are ever used.
• D) All budgetary accounts are employed in the same manner as for the General Fund and special revenue funds.

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