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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Geraldine

7 days 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

10 days ago

The correct answer is C. General Funds, Special Revenue Funds. This matches the description provided in the question.

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German

11 days 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

17 days ago

I think the answer is C) General Funds, Special Revenue Funds.

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