The City of Newton purchased a vehicle for the police department.If the operations of the police department are financed by general revenues,the purchase would be recorded in which funds and/or activities?

Question

Quizplus · Accepted Answer

The purchase of a vehicle for the police department, which is financed by general revenues, would be recorded in the General Fund as it is a governmental activity. Additionally, it would also be recorded in Governmental Activities in the government-wide financial statements.

The City of Newton Purchased a Vehicle for the Police