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  3. Study Set
    Government and Not for Profit Accounting Study Set 2
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    Exam 5: Recognizing Expenditures in Governmental Funds
  5. Question
    When Accounting for Inventory Items in a Governmental Fund, a Reclassification
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When Accounting for Inventory Items in a Governmental Fund, a Reclassification

Question 30

Question 30

True/False

When accounting for inventory items in a governmental fund, a reclassification of the appropriate portion of fund balance as nonspendable is always required when the consumption method is used.

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