Essay
Which fund and/or account group would account for the following activities?
a. property taxes
b. purchase a fire truck
c. order some general supplies
d. build a city hall
e. pay principal and interest on long-term debt
f. issue long-term debt to build the city hall
g. pay the current portion of pension liability
Correct Answer:
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a.general fund
b.general fund and genera...
b.general fund and genera...
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