Which of the following funds accounts for legally restricted resources for which only the earnings may be used for some public purpose? Capital projects fund Special revenue fund Private purpose trust fund Permanent fund None of these

Which of the following funds accounts for legally restricted resources for which only the earnings may be used for some public purpose? Capital projects fund Special revenue fund Private purpose trust fund Permanent fund None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following funds accounts for legally restricted resources for which only the earnings may be used for some public purpose?

	Capital projects fund
	Special revenue fund
	Private purpose trust fund
	Permanent fund
	None of these

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