Match the following terms with the most correct statement below: a. Debt service

ID: 2793754 • Letter: M

Question

Match the following terms with the most correct statement below:

a. Debt service fund

b. Component units

c. Encumbrance

d. Proprietary fund

e. Internal service funds

f. Special revenue fund

g. General fund

h. Trust fund

1. ________________ Used to track resources earmarked for a specific purpose.

2. ________________ Funds used to track resources available to pay interest and loans.

3. ________________ An enterprise or internal service fund.

4. ________________ Used to designate funds which are obligated under a legal contract.

5. ________________ Used for routine ordinary activities of government.

6. ________________ A type of fiduciary fund.

7. ________________ Business-type fund where the services are provided to other units of government.

1._f_ used to track resources earmarked for a specific purpose.

2._a_ fund used to track resources available to pay interest and loans.

3._d_ an enterprise or internal service fund.

4._c_ used to designate funds which are obligated under a legal contract

5._g_ used for routine ordinary activities of government

6._h_ a type of fiduciary fund.

7._e_ business-type fund where the services are provided to other units of government.

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