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MSB WTR10 AC 330 XM1

MSB GovNFP Unit 5

QuestionAnswer
An interfund transaction occurring between two government funds or between two enterprise funds. Intra-Activity Transaction
Interfund loans or transfers between a governmental fund and an enterprise fund. Intra-Entity Transaction
A transaction where each party receives value essentially equal to the value given. Exchange Transaction
External events in which a government gives or receives value without directly receiving or giving equal value in exchange. Nonexchange Transaction
Fund in which the earnings are expendable for a specified purpose, but the principal amount is not expendable. Permanent Fund
A trust established with the intent to benefit an external individual, organization, or government. Private-Purpose Trust
A trust established with the intent to benefit a public program, function, or the citizenry. Public-Purpose Trust
Loans made by one fund to another. Interfund Loan
Taxes remaining unpaid on or after the date on which a penalty for nonpayment is attached. Delinquent Taxes
The amount of the tax bill sent to the taxpayer without regard for any estimate of uncollectible taxes. Gross Tax Levy
The purchases method is consistent with which basis of accounting. Modified Accrual
Name two derived tax revenues. Sales Tax and Income Tax
Created by: scott.sibbet
 

 



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