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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Definitions:

Clearly Explain

To communicate information in such a way that it is easy to understand, leaving no room for confusion or misinterpretation.

Negative Information

Refers to data or news that reveals unfavorable conditions, problems, or aspects related to a situation, person, or entity.

Criminal

A person who has committed a crime or has been legally convicted of a crime.

Shoot The Messenger

A phrase describing the act of blaming the bearer of bad news for the news itself rather than addressing the source of the problem.