Which of the following should be accrued as revenues by the general fund of a local government?
A) Sales tax held by the state which will be remitted to the local government:
B) Parking meter revenues
C) Sales tax collected by merchants
D) Income taxes currently due

Question

Quizplus · Accepted Answer

Sales tax held by the state which will be remitted to the local government should be accrued as it is measurable and available to finance expenditures of the current period.

Which of the Following Should Be Accrued as Revenues by the General