Ask Question
BusinessBusiness
7 August, 10:57

The General Fund

-Is used to account for all financial resources that are not required to be accounted for in another fund.

-Is used by all governments that report governmental fund activities.

-Is established at inception of a government and exists throughout its life.

- All of the above.

+5
Answers (1)
  1. 7 August, 12:26
    0
    The correct answer is - Is used to account for all financial resources that are not required to be accounted for in another fund.

    Explanation:

    The general fund is established at the beginning of a government and continues to exist throughout its duration. In a recently organized government; General fund accounting begins as soon as the budget is adopted and all the necessary appropriations to comply with the government plan are recorded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The General Fund -Is used to account for all financial resources that are not required to be accounted for in another fund. -Is used by all ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
Answers (1)
Name three types of capital. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer (s), click the box once to place a check mark.
Answers (1)
Select the options from the list that explain how the three systems (enterprise system, supply chain system, and customer relationship management system) affected these financial results.
Answers (1)
Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is estimated at 3% of net credit sales.
Answers (1)
If an advertiser refuses to comply with rulings made by the national advertising review board (narb), the narb is most likely to:
Answers (1)
New Questions in Business
Potanta is a company that manufactures herbal soaps. Over the years, the availability of aloe vera pulp, which is the keyingredient of the company's best-selling aloe vera soaps, has reduced.
Answers (1)
An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?
Answers (1)
A trigger strategy is a strategy that: A. is not relevant to oligopolies. B. determines when to enter an industry. C. depends on an opponent's past decisions. D. tells a business to leave the industry because the price is below the AVC.
Answers (1)
What is the effect on the supply curve for skateboards if the government implements a tax on the manufacturing process?
Answers (1)
Cost of goods sold is: an asset account. a revenue account. an expense account. a permanent equity account.
Answers (1)
Home » Business » The General Fund -Is used to account for all financial resources that are not required to be accounted for in another fund. -Is used by all governments that report governmental fund activities.
Sign Up Forgot Password?