For the general fund,the residual fund balance classification is:
A)unassigned fund balance
B)assigned fund balance
C)committed fund balance
D)restricted fund balance

Question

Quizplus · Accepted Answer

The residual fund balance classification for the general fund is the unassigned fund balance. This represents the portion of the fund balance that is not restricted or committed for a specific purpose. It is available to meet any current or future financial obligations of the government.

For the General Fund,the Residual Fund Balance Classification Is