In which fund would a government most likely account for the assets confiscated in drug arrests and legally required to be used for drug prevention education?
A) General Fund.
B) Permanent fund.
C) Special revenue fund.
D) Enterprise fund.

Question

Quizplus · Accepted Answer

The assets confiscated in drug arrests and legally required to be used for drug prevention education would most likely be accounted for in a special revenue fund. Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or designated for a particular purpose, such as the assets confiscated from drug arrests that are required to be used for drug prevention education.

In Which Fund Would a Government Most Likely Account for the Assets