The city collects gas taxes for the usage of highway construction and maintenance that are...

50.1K

Verified Solution

Question

Accounting

The city collects gas taxes for the usage of highway construction and maintenance that are not capitalized. The gas taxes should be accounted for in which of the following funds?

Select one:

a. Special revenue fund.

b. Capital projects fund.

c. Internal service fund.

d. Debt service fund.

e. General fund.

Clear my choice

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students