The term "current financial resources" refers to
A) Those assets that can quickly be converted into cash.
B) Assets that are available to be used for current expenditures.
C) The government's current assets and current liabilities.
D) The current value of all net assets owned by the governmental unit.
E) Financial resources used to provide electricity to local citizens.

Question

Quizplus · Accepted Answer

The term "current financial resources" typically refers to assets that are available to be used for current expenditures, particularly in the context of governmental accounting.

The Term "Current Financial Resources" Refers to