Which of the Following Is Not a Characteristic of the General

Multiple Choice

Which of the following is not a characteristic of the General Fund?

A) Is used to account for all financial resources that are not restricted, committed, or assigned to a specific purpose and consequently accounted for in another fund.
B) Is used by all governments that report governmental fund activities.
C) Requires a combining statement at year end for governments that have more than one General Fund.
D) Is established at inception of a government and exists throughout its life.