4-1 Explain the differences between the General Fund and Special Revenue Funds. How do accounting and reporting requirements for these two types of funds differ? Q4-2 What characteristics of expenditures distinguish them from expenses in the financial accounting sense? Q4-3 How does the purchase of a capital asset affect the General Fund financial statements? 04-4 Although the illustrative examples in this chapter use only a few Revenues Subsidiary Ledger and Expenditures Subsidiary Ledger accounts, a state or local government probably will use hundreds or even thousands of such accounts in practice. Why? Q4-5 Explain what is meant by General Ledger control over the Revenues Subsidiary Ledger and the Expenditures Subsidiary Ledger. Q4-6 List and explain the