Avon City issued bonds for the purpose of financing a major capital improvement. Which fund is the most appropriate fund in which to record the receipt of the bond proceeds?

Question

Quizplus · Accepted Answer

The Capital Projects Fund is the most appropriate for recording the receipt of bond proceeds intended for financing major capital improvements, as it is specifically used for tracking the financial resources used for the acquisition or construction of major capital facilities.

Avon City Issued Bonds for the Purpose of Financing a Major