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When a government orders equipment which is to be used by an activity accounted within the General Fund, it should be recorded in the General

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

Multiple Choice

  • Encumbrance.

  • Capital asset.

  • Expenditure.

  • None of the choices are correct, the General Fund does not record capital assets purchases.

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