Short Answer Questions 141.Write yes or no in each box to indicate whether each property applies to the following funds: Fund Name Modified Accrual Basis Financial Resource Focus Record Budgets Use Encumbrances Indefinite Life General Fund Special Revenue Capital Projects Debt Service Permanent 142.The General Fund is always considered to be a major fund. When are other governmental funds considered major? 143.How should the acquisition of general fixed assets acquired by capital leases be accounted for?

Short Answer Questions 141.Write yes or no in each box to indicate whether each property applies to the following funds: Fund Name Modified Accrual Basis Financial...

Short Answer Questions

141.Write yes or no in each box to indicate whether each property applies to the following funds:

142.The General Fund is always considered to be a major fund. When are other governmental funds considered major?

143.How should the acquisition of general fixed assets acquired by capital leases be accounted for?

May 15, 2022