What Account Is Debited in the General Fund When Equipment

question 42

Multiple Choice

What account is debited in the general fund when equipment is received by a governmental entity?

• A) Expenditures.
• B) Encumbrances.
• C) Plant assets.
• D) Accounts Payable.
• E) Fund Balance-Reserve for Encumbrances.

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Definitions:

Enslavement

The act or condition of being forcibly kept in a state of bondage and made to perform labor without the freedom to leave or refuse.

African Americans

A term used to refer to citizens or residents of the United States who have origins in any of the black populations of Africa.

John Woolman

An 18th-century Quaker preacher and abolitionist known for his writings and efforts to end slavery in the American colonies.

Anthony Benezet

A French-American educator and abolitionist who argued against the slavery of Africans and founded one of the first schools for Black students in Philadelphia.