Fixed assets purchased from general fund revenue were received. What account, if any, should have been debited
Question:
Fixed assets purchased from general fund revenue were received. What account, if any, should have been debited in the general fund?
a. None
b. Fixed Assets
c. Expenditures
d. Fund Balance—Unassigned
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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