Which two governmental funds are commonly used to acquire capital assets?

Question

Quizplus · Accepted Answer

The General Fund and Capital Projects Fund are commonly used to acquire capital assets. The General Fund is the primary operating fund for most governments, and it is used for day-to-day activities. The Capital Projects Fund is used to acquire and construct major capital assets, such as buildings, roads, bridges, and other infrastructure. Together, these two funds provide the resources necessary to invest in long-term capital projects and maintain the infrastructure necessary to support the government's operations.

Which Two Governmental Funds Are Commonly Used to Acquire Capital