General capital assets purchased or constructed with governmental fund resources are recorded in the governmental activities general ledger at the government-wide level.

Question

Quizplus · Accepted Answer

General capital assets purchased or constructed with governmental fund resources are part of the government's overall portfolio of assets and are recorded at the government-wide level in the governmental activities general ledger to provide a complete picture of the government's financial position.

General Capital Assets Purchased or Constructed with Governmental Fund Resources