Accounting MCQ
Governmental Accounting
Cal City maintains several major fund types. The following were among Cal's cash receipts during the current year: Unrestricted state grant $1,000,000 Interest on bank accounts held for employees pensions plan $200,000 What amount of these cash receipts should be accounted for in Cal's general fund?
Cal City maintains several major fund types. The following were among Cal's cash receipts during the current year: Unrestricted state grant $1,000,000 Interest on bank accounts held for employees pensions plan $200,000 What amount of these cash receipts should be accounted for in Cal's general fund?
Cal City maintains several major fund types. The following were among Cal's cash receipts during the current year:
Unrestricted state grant $1,000,000
Interest on bank accounts held for
employees pensions plan $200,000
What amount of these cash receipts should be accounted for in Cal's general fund?
a) $1,200,000
b) $1,000,000
c) $200,000
d) $0
Answer: B
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