Which of the following assets would NOT be found in the fund balance sheet of the General Fund of the City of Harrison?

Question

Quizplus · Accepted Answer

Capital assets are typically not reported in the fund balance sheet of the General Fund as they are recorded in the government-wide financial statements. The other options listed (cash, receivable from Special Revenue Fund, and receivable from State) are all assets that could potentially be found in the fund balance sheet of the General Fund.

Which of the Following Assets Would NOT Be Found in the Fund