General fund revenues-appropriate journal entry, Accounting Basics

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General fund revenues-appropriate journal entry

When a fire truck purchased from General Fund revenues was received, the appropriate journal entry was made in the governmental activities general journal. What account, if any, should have been debited in the General Fund?

A) No journal entry should have been made in the General Fund.

B) Expenditures.

C) Capital Assets.

D) Encumbrances.

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Accounting Basics: General fund revenues-appropriate journal entry

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Accounting Basics: General fund revenues-appropriate journal entry

Reference No:- TGS094832

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Recent Questions Asked Accounting Basics

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Accounting Basics: General fund revenues-appropriate journal entry

Reference No:- TGS094832

Recent Questions Asked Accounting Basics

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