General funds unreserved fund balance, Accounting Basics

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General funds unreserved fund balance

What is the effect on the General Funds' unreserved fund balance when capital assets are purchased during a year from General Fund revenues?

A. There is no effect, since one asset (cash) is replaced by another (capital asset)

B. Unreserved fund balance is decreased

C. Unreserved fund balance is increased

D. None of the above, capital assets must be purchased through a capital projects fund

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Accounting Basics: General funds unreserved fund balance

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Accounting Basics: General funds unreserved fund balance

Reference No:- TGS056332

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Estimated intrinsic value per share of common stock

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Ask an Expert for Answer!!

Accounting Basics: General funds unreserved fund balance

Reference No:- TGS056332

Recent Questions Asked Accounting Basics

Q : Estimated intrinsic value per share of common stock

Q : Interest revenue from municipal bonds

Q : Determine short-term financing position for subsidiary

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Q : General funds unreserved fund balance

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Q : Amount realized from the sale of property

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