All purchases of goods and services and all interfund transfers of the General Fund are recorded as Expenditures.

Question

Quizplus · Accepted Answer

Not all purchases of goods and services and interfund transfers of the General Fund are recorded as expenditures. Some transactions, such as the acquisition of capital assets or investments, may be recorded as assets rather than expenditures. Interfund transfers might also be recorded differently, depending on the nature and purpose of the transfer.

All Purchases of Goods and Services and All Interfund Transfers