Question: When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should

When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should be recorded in the
General Fund as a(an):
Multiple Choice
Encumbrance.
Expenditure.
Appropriation.
Capital asset.
When a computer which is to be used by an activity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

For the distillation in Figure 9.23, calculate N min and the distribution of the nonkey components by the Fenske equation, using Figures 2.4 and 2.5 for K-values. C3 iCa nC4 iC5 nC nC6 kmol/h 2,500...

Q:

1) When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should be recorded in the General Fund as a(an): A) Encumbrance. B)...

Q:

Multiple Choice (12 points) 1) When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should be recorded in the General Fund as...

Q:

When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should be recorded in the General Fund as a ( an ) : Appropriation....

Q:

When a government orders equipment which is to be used by an activity accounted for by the General Fund, it should be recorded in the General Fund as a(an): Multiple Choice encumbrance. capital...

Q:

When a government orders equipment which is to be used by an activity accounted for by the General Fund, it should be recorded in the General Fund as a ( an ) :

Q:

In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Govenmental funds, proprietary funds, and trust funds should be provided O b Only those...

Q:

In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Governmental funds, proprietary funds, and trust funds should be provided. O b. Only...

Q:

1. Which of the following would be classified as a general revenue? A. Parking meter fees. B. Special assessment charges for snow removal. C. Library fines. D. Fuel taxes earmarked for maintenance of...

Q:

The asset, equipment, used by a department accounted for by the General Fund of a governmental unit should be reported in the: Multiple Choice Government - wide statements. General Fund. Government -...

Q:

please write down the journal entries step by step. Chapter 7 Recording Transactions Affecting the Enterprise Fund and Business-type Activities The City of Smithville accounts for its solid waste...

Q:

Define the conversion cycle.

Q:

One observer argues that external equity should always be the primary concern in compensation, noting that it attracts the best employees and prevents the top performers from leaving.

Q:

Multiple Choice 0 0 : 5 8 : 5 2 A client ( not a supplier or vendor ) must be present at the meal. The taxpayer or an employee must be present at the meal. The meal must occur on the taxpayer's...

Q:

Consider a portion of the output from "dig www . theglobeandmail.com" flags: qr rd ra; QUERY: 1 , ANSWER: 4 , AUTHORITY: 0 , ADDITIONAL: 1 . . . www . theglobeandmail.com. 5 9 IN ( 1 ) CNAME 5 1 7 4...