Depending on the restrictions placed on resources used to acquire a police car,the acquisition of the car could be reported in which of the following funds?
A)general fund
B)special revenue fund
C)capital projects fund
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The acquisition of a police car could be reported in the general fund if it's considered a routine operational expense, in the special revenue fund if it's purchased with money that is restricted or committed to public safety, and in the capital projects fund if it's considered a significant capital outlay. Therefore, depending on the restrictions placed on the resources used, it could be reported in any of the mentioned funds.

Depending on the Restrictions Placed on Resources Used to Acquire