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.

---

Definitions:

Series RC

An arrangement of a resistor and capacitor in a single line within a circuit, which influences the time constant and frequency response.

Bill of Rights

The first ten amendments to the United States Constitution, ratified in 1791, guaranteeing fundamental rights and protections to American citizens.

British Precedent

Legal or societal practices and concepts originating from Britain that have influenced or served as a model for other jurisdictions and processes.

Declaration of Independence

A historic document adopted on July 4, 1776, by the Continental Congress, declaring the thirteen American colonies independent from British rule.