Accounting MCQ
Governmental Accounting
Which of the following fund types used by a government most likely would have a fund balance designated as nonspendable because of an increase in an inventory of supplies?
Which of the following fund types used by a government most likely would have a fund balance designated as nonspendable because of an increase in an inventory of supplies?
Which of the following fund types used by a government most likely would have a fund balance designated as nonspendable because of an increase in an inventory of supplies?
a) General
b) Internal service
c) Private purpose trust
d) Capital projects
Answer: A
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