General Fund Resources Were Expended in the Amount of $185,000

question 27

Multiple Choice

General Fund resources were expended in the amount of $185,000 to purchase a new fire truck. The General Fund would debit:

• A) Expenditures Control.
• B) Capital assets -Motor Vehicles.
• C) Both a and b above.
• D) None of the above; no entry is made in the General Fund when a motor vehicle is purchased because only current financial resources are recorded in the General Fund.

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