What account is debited in the general fund when equipment is received by a governmental entity?
A) Expenditures.
B) Encumbrances.
C) Plant assets.
D) Accounts Payable.
E) Fund Balance-Reserve for Encumbrances.

Question

Quizplus · Accepted Answer

In governmental accounting, when equipment is received, the general fund debits "Expenditures" to reflect the cost of the equipment as an expense.

What Account Is Debited in the General Fund When Equipment