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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Overview of Financial Reporting for State and Local Governments
  5. Question
    Governmental-Type Funds Label the Excess of Assets Over Liabilities on the Balance
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Governmental-Type Funds Label the Excess of Assets Over Liabilities on the Balance

Question 61

Question 61

Multiple Choice

Governmental-type funds label the excess of assets over liabilities on the balance sheet as:


A) Net Assets
B) Net Fund Balance and Liabilities
C) Fund Balance
D) Assets Net of Liabilities

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