IIA Exam IIA-CGAP Topic 4 Question 87 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 87
Topic #: 4

General Funds are The chief operating fund for a government is called the general fund.where as Special Revenue Funds are The funds that are used when the revenue sources are earmarked for a specific purpose (special tax or grant requirement);

ASpecial Revenue Funds, General Funds

Bprogram budgeting, Zero-based budgeting

CGeneral Funds, Special Revenue Funds

Dintegrated budget, Capital budgeting

Show Suggested Answer

Suggested Answer: D

by My at Sep 13, 2024, 05:23 AM

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Verlene

3 days ago

I was a bit confused at first, but now I understand. General Funds are the main operating budget, while Special Revenue Funds are for specific purposes. Simple enough!

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