How Should A Long-Term Lease Agreement Be Recorded In A General Fund

B) Capital appears in the financial statements of the Government and the Fund B) All public funds use the modified accounting demarcation basis D) Permanent funds reflect resources limited by law, so that capital cannot be spent and revenues are used for the benefit of the Government or its citizens D) Debts are not accounted for in government returns At the beginning of a contract if a payment to a contractor is due from funds from capital projects, the burden would be borne: A) the lease transfers ownership of the property to the lessee until the end of the lease period. A) Resources that constitute prepaid supplies and items are classified in public funds as unreasonable fund balances. B) The assets of a debt service fund may include cash with a tax agent A) The tax and debt service expenses should be recorded in an internal services fund. (A) the funds would be transferred to a debt service fund; The capital project fund would weigh on other uses of financing and the debt service fund would have other transfers of funding sources. (C) Funds transferred from the General Fund to the Debt Service Fund would generally be considered by the Debt Service Fund as other sources of funding. B) A special income fund should account for proceeds from debt and construction expenses An expense is created in a capital project fund C) Each long-term commitment must be accounted for in a separate debt service fund D) Each public fund may have an unassigned balance if a trust is to be used for the benefit of individuals, private bodies or other governments should use the following funds: I. The assets, liabilities, revenue or expenditure of this public fund represent at least 10% of the corresponding sum (assets, liabilities, etc.) for all State resources. C) General fixed assets acquired by public funds are recorded as expenditures in the public fund, but the government`s annual accounts are recorded as capital assets The following sources for the Debt Service Fund are the following sources: Proceeds from tax-aided borrowings are recorded in a capital project fund in the form of a (year): C) The entry of the newspaper for the creation of a permanent fund would be a credit to Fund Balance – Nonspendable included. Public funds, with the exception of the General Fund, are considered half as much if: A) an entry that weighs on expenditure and credits other sources of financing – capital lend-lease contracts in a government fund, both in the amount of 40,000 USD.

C) As transfers to the General Fund, but not as income in that Fund. A) Recorded as an alternative source of financing – premium on borrowings in the capital project fund. Which of the following leasing criteria would not qualify a leasing as a capital lease? When taxes and/or special decisions are collected by the General Fund and then transferred to the debt service fund, they are: A) debt service funds are required to report accrued interest as short-term liabilities. Which of the following funds generally covers budgets? B) The lease agreement includes an option to acquire the fair value of the leased thing. The following description gives the best definition of the fund: resource accounts that are limited by law and can be used in both revenue and capital to support government programs. . . .