Joshua County Bought a New Backhoe Using General Fund Cash

question 64

Multiple Choice

Joshua County bought a new backhoe using general fund cash. When the asset was acquired, what was the appropriate entry in the general fund, assuming that the entity maintains its books and records in a manner to facilitate the preparation of fund financial statements?

• A) Debit Equipment; Credit Cash.
• B) Debit Equipment; Credit Investment in capital assets.
• C) Debit Expenditures; Credit Cash.
• D) Debit Expenditures; Credit Investment in capital assets.

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Definitions:

Bit Shift Up

Bit shift up is a binary operation that moves the bits of a binary number to the left by a specified number of positions, effectively multiplying the number by a power of two.

Bit Shift Down

A binary operation that moves bits to a lower position, effectively dividing the number by two for each shift.

Sequencer Instruction

A command in PLC programming that controls the execution of a sequence of operations or steps, typically used in automation processes.

Energized

A state where a device, component, or circuit has electrical power applied to it and is functioning.