Final answer:
The account least likely to be used by a tax agency fund is a. Revenues, as the fund's primary role is to collect and distribute taxes rather than to generate its own revenue.
Step-by-step explanation:
The question addresses which account is least likely to be used by a tax agency fund. A tax agency fund is a type of governmental accounting entity responsible for collecting taxes on behalf of different government departments or agencies before distributing those funds accordingly. The accounts that are generally active in a tax agency fund include:
- Revenues: This account records the income received from taxes or other sources.
- Taxes receivable for other funds and units: This represents the taxes that have been billed but not yet collected, which are owed to other funds and governmental units.
- Due to other funds and units: This account indicates the amounts that are due to other funds or government units from the tax agency fund.
- Cash: This account holds the actual currency and coins, checks, money orders, and balances in bank accounts.
Among these options, a. Revenue is the least likely account to be used by a tax agency fund because it typically deals with monies that it has collected on behalf of other departments or agencies rather than generating its own revenue.