Generally, Annual Budgets Are Recorded Within the Following Funds

question 48

Multiple Choice

Generally, annual budgets are recorded within the following funds:

• A) General fund and special revenue funds.
• B) Capital projects funds and debt service fund.
• C) Enterprise funds and internal service funds.
• D) General Fund and Pension Trust Fund.
• E) Agency Funds and General Fund.

---

Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing at their face value.

Hyperinflation

Economic situation characterized by soaring prices.

Soaring Prices

A situation where the prices of goods and services rise rapidly and to unusually high levels.

Economic Situation

The state of economic conditions within a region, country, or the globe, encompassing factors like growth rates, employment, inflation, and markets.