Question

Special Revenue Funds are used to account for: a. Most activities of most governments b. Specific revenue sources that are restricted or committed to spending for specified operations, debt service, or capital projects. c. Specific revenue sources that are restricted or committed to spending for specified purposes other than debt service or capital projects. d. Governmental departments that receive much of their financing from charges to users for specific activities.

Answer 1

B). Specific revenue sources that are restricted or committed to spending for specified operations, debt service, or capital projects.

Step-by-step explanation:

Special revenue funds refer to the revenue sources that the government restricted to be used for specific purposes that offered transparency to the taxpayers that their money is worth being paid. The government has created an account that equips the taxpayers' money which is confined to be used for an intended purpose which could be a specified operation, debt service or capital projects.