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    Accounting for Governmental Study Set 1
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    Exam 3: Governmental Operating Statement Accounts; Budgetary Accounting
  5. Question
    When Equipment That Is to Be Used by an Activity
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When Equipment That Is to Be Used by an Activity

Question 2

Question 2

Multiple Choice

When equipment that is to be used by an activity accounted for by the General Fund of a government is received,it should be recorded in the General Fund as a(an)


A) Capital Asset.
B) Appropriation.
C) Encumbrances.
D) Expenditure.

Correct Answer:

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