GASB Standards Suggest the Following Classification Scheme for Expenditures

Short Answer

GASB standards suggest the following classification scheme for expenditures:
A.Function
B.Program
C.Organization unit
D.Activity
E.Character
F.Object
For each of the following expenditure items,indicate its correct classification by placing the appropriate letter in the blank space next to the item.
____ 1.Streetlight repair
____ 2.City clerk
____ 3.Salaries and wages
____ 4.Transportation
____ 5.Current operating expenditures