Match the Following Fund Balance Descriptions for a General Fund

question 26

Short Answer

Match the following fund balance descriptions for a General Fund with the proper classification for a fund balance.Each classification may be used more than once.

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Definitions:

Demand

The quantity of a product or service consumers are willing and able to purchase at various prices.

Tax Revenue

The income that is gained by governments through taxation.

Government

A system or group of people governing an organized community, often a state.

Product

A good, idea, method, information, object, or service created as a result of a process and serves a need or satisfies a want.