Which of the following is true regarding capital projects funds? Multiple Choice Encumbrances accounting is not normally employed, but Appropriations are recorded. All budgetary accounts are employed and budget to actual statements are prepared. Encumbrances accounting is employed. No budgetary accounts are used.

All budgetary account are employed and budget to actual statement are prepared.

Explanation: Owing to a capital project fund, it is used in governmental accounting to track the financial resources used to acquire and /or construct a major capital assets. Once the assets has been completed, the fund is terminated.

engine assembler, survey reasearcher, auditor

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.