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Which of the following is true with respect to the General Fund? Multiple Choice The General Fund funds considered to be a major fund only
Which of the following is true with respect to the General Fund? Multiple Choice The General Fund funds considered to be a major fund only if the total of assets, l e s revenues, or expenditures exceeds 10% of the total of all governmental The General Fund is always considered a major fund The General Fund is considered to be a major fund when preparing fund basis financial statements only if the total assets, liabilities, revenues, or expenditures of that individual governmental or enterprise fund are 5% of the total of the governmental and enterprise categories, combined Both the General Fund is considered to be a major fund only the total of assets, liabilities, revenues, or expenditures exceeds 10% of the total of all governmental funds and the General Fund is considered to be a mejor fund when preparing fund basis financial statements only of the total sets, liblities, revenues, or expenditures of the individual governmental or enterprise fundare 5 of the total of the governments and enterprise categories, combined are ured
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