When a fax machine purchased by a governmental entity is received, it should be recorded in the general fund as a(n)
A)Expense
B)Encumbrance
C)Expenditure
D)Capital asset

Question

Quizplus · Accepted Answer

In governmental accounting, when a fax machine is received, it is recorded as an expenditure in the general fund because it represents a current outflow of resources for the purchase of goods or services.

When a Fax Machine Purchased by a Governmental Entity Is