Why arent fixed assets recorded in the accounts of a general fund? Where are they recorded?

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Why aren’t fixed assets recorded in the accounts of a general fund? Where are they recorded?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 15, 2011 11:00 AM

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Why arent fixed assets recorded in the accounts of a general fund? Where are they recorded?

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Under the modified accrual basis of accounting fixed assets are not recorded in the g...View the full answer

Advanced Accounting

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