Governmental Funds

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Title: Governmental Funds

Essay Details:

Subject: Business

Author:

Date: July 29, 2012

Level: University

Grade: A

Length: 3 / 652

Essay text:

The special revenue fund is used to account for revenues that have been restricted for a specific purpose but do not fall into the category of debt service or capital projects such as gas tax revenues for road repairs. The debt service fund accounts for the payment of interest and principal on long-term debt such as bonds that have been issued by the government. The capital projects fund accounts for revenues received for the capital construction of buildings and highways. The permanent fund is where resources are placed that the government is only allowed to use the earnings on the fund not the principal...

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