The fund used to account for the acquisition or construction of major capital facilities and other capital assets is the

Question

Quizplus · Accepted Answer

The Capital Projects Fund is specifically designed to account for the acquisition or construction of major capital facilities and other capital assets. The General Fund is used for general operations, the Special Revenue Fund is used for specific revenue sources, and the General Capital Assets accounts are a part of the government's overall financial accounting system and not a specific fund.

The Fund Used to Account for the Acquisition or Construction