When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received,it should be recorded in the General Fund as a(an):

Question

Quizplus · Accepted Answer

In governmental accounting, when a computer is received for use by an activity accounted for by the General Fund, it is recorded as an expenditure. This is because the General Fund focuses on current financial resources and expenditures, rather than capitalizing assets.

When a Computer Which Is to Be Used by an Activity