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Fund Balance Is an Account Title Used Only in Governmental

question 113

True/False

Fund balance is an account title used only in governmental funds to indicate the excess of assets over liabilities.

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Definitions:

Femoral

Relating to the femur or thigh, which is the longest and strongest bone in the body.

Gastrocnemius Muscle

A major calf muscle that participates in walking, running, and jumping by flexing the foot at the ankle.

Tibial

Relating to the tibia, the larger and stronger of the two bones in the lower leg.

Common Fibular (Peroneal)

Referring to the nerve that wraps around the fibula bone and controls muscles on the anterior and lateral parts of the lower leg.

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