The General Fund is used to account for:
A) Revenues and expenditures legally restricted to a specific purpose.
B) The accumulation of resources to pay for principal and interest on the current portion of long-term debt.
C) Construction of major capital assets.
D) General administration of the government.

Question

Quizplus · Accepted Answer

The General Fund is used to account for the general administration of the government, including day-to-day operations and expenses.

The General Fund Is Used to Account For