Which of the following assets would NOT be found in the general fund balance sheet of the City of Harrison?
A)Cash.
B)Capital assets.
C)Due from special revenue fund.
D)Due from state government.

Question

Quizplus · Accepted Answer

Capital assets would not be found in the general fund balance sheet of the City of Harrison because they are not considered current assets that are available for use in the immediate future. The other options, cash, due from special revenue fund, and due from state government, are all current assets that would be found in the general fund balance sheet.

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