Debit in the general fund

Assignment Help Accounting Basics

Reference no: EM13132203

When a fire truck purchased from General Fund revenues was received, the appropriate journal entry was made in the governmental activities general journal. What account, if any, should have been debited in the General Fund?

A) No journal entry should have been made in the General Fund.

B) Expenditures.

C) Capital Assets.

D) Encumbrances.

Reference no: EM13132203

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