Indicate the fund or nonfund accounts that should be used

Indicate the fund or nonfund accounts that should be used to account for each of the
following:1. Tax revenues restricted for road maintenance.2. Resources restricted for
construction of a new government office building.3. Typical water and sewer departments.4.
Unrestricted tax revenues.5. School buildings.6. Bonds payable issued in a prior year for
general government purposes.7. The portion of general government bonds payable that
matures in the next fiscal year.8. Cash and investments of a bond sinking fund established to
service general government long-term debt.9. Capital assets of a government department that
sells services to the public as the primary ongoing source of financing for its operations.10.
Long-term note for the government’s central motor pool that “rents” vehicles to other
departments and agencies of the government at a rate that reimburses its costs.View Solution:
Indicate the fund or nonfund accounts that should be used
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