Improvements constructed through Special Assessments cannot be reported in the GCA-GLTL g/l.

Name: Improvements constructed through Special Assessments cannot be reported in the GCA-GLTL g/l.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Special Assessments are typically accounted for in specific funds or accounts designated for the improvements they finance, not in the General Capital Assets-General Long-Term Liabilities (GCA-GLTL) accounts, which are used for general capital assets and long-term liabilities not associated with a specific fund.

Improvements Constructed Through Special Assessments Cannot Be Reported in the GCA-GLTL