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IIA Exam IIA-CGAP Topic 4 Question 87 Discussion

Actual exam question for IIA's IIA-CGAP exam
Question #: 87
Topic #: 4
[All IIA-CGAP Questions]

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);

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Suggested Answer: D

Contribute your Thoughts:

Domitila
22 days ago
Wait, are we talking about government budgets or my personal finances? Either way, I hope I don't end up in the 'general' fund of debt!
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Trinidad
3 days ago
A) Special Revenue Funds, General Funds
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Gertude
1 months ago
Hmm, this question is a real 'special fund' of fun! I better brush up on my budgeting knowledge before the exam.
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Rodney
22 days ago
A) Special Revenue Funds, General Funds
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Verlene
1 months 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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Geraldine
2 months ago
I'm not sure about the answer. Can someone explain why General Funds are different from Special Revenue Funds?
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Naomi
2 months ago
The correct answer is C. General Funds, Special Revenue Funds. This matches the description provided in the question.
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Kaycee
1 months ago
D) integrated budget, Capital budgeting
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Shaun
1 months ago
B) program budgeting, Zero-based budgeting
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Beckie
1 months ago
C) General Funds, Special Revenue Funds
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Sheridan
1 months ago
A) Special Revenue Funds, General Funds
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German
2 months ago
I agree with Eun. General Funds are the main operating fund, while Special Revenue Funds are for specific purposes.
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Eun
2 months ago
I think the answer is C) General Funds, Special Revenue Funds.
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