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

Question

Quizplus · Accepted Answer

Bonds payable, due in 5 years, would be reported in the statement of net position, not the fund balance sheet of the General Fund. The other options (accounts payable, payable to the special revenue fund, and deferred revenue) are all liabilities that would be reported in the fund balance sheet of the General Fund.

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