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    Governmental and Nonprofit Accounting
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    Exam 4: The General Fund and Special Revenue Funds
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    Which of the Following Does Not Affect the "Excess of Revenues
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Which of the Following Does Not Affect the "Excess of Revenues

Question 25

Question 25

Multiple Choice

Which of the following does not affect the "Excess of Revenues over Expenditures"?


A) Purchase of capital assets.
B) Incurring and paying salaries.
C) Property taxes levied and collected in the year.
D) Transfers from Enterprise Funds.

Correct Answer:

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