Question

For each item listed in the left hand column of the table below, choose the letters associated with the financial statement(s) that should be prepared for that item. (Note that the letters may be used more than once.)

Items	Financial Statements
General Fund
Government-Wide
Pension Trust Fund
Water Enterprise Fund
Permanent Fund

a. Statement of Revenues, Expenditures, and Changes in Fund Balance
b. Statement of Net Position
c. Statement of Fiduciary Net Position
d. Statement of Activities
e. Statement of Cash Flows
f. Balance Sheet
g.Statement of Changes in Fiduciary Net Position
h. Statement of Revenues, Expenses, and Changes in Fund Net Position

Answer 1

1. General Fund is shown in the balance sheet as it is the excess of assets over liabilities and assets and liabilities are both shown in the balance sheet. It is also shown in the change in the fund balance.

2. Government wide is shown in statement of activities. It represents the revenue and expenditure of the government of a particular period.

3. Pension Trust Fund, Water enterprise fund and Permanent fund are also shown in the balance sheet as this represents the balance at a particular point of time.

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