Which line item does not properly appear in the Statement of Revenues,Expenditures,and Changes in Fund Balance (operating statement)of a governmental fund?
A)expenditures--debt service
B)expenditures--capital outlay
C)property taxes receivable
D)beginning fund balance

Question

Quizplus · Accepted Answer

Property taxes receivable is an asset and therefore would not appear in the Statement of Revenues, Expenditures, and Changes in Fund Balance, which only shows revenues and expenditures that affect the fund balance. The other items listed are all appropriate for the operating statement of a governmental fund.

Which Line Item Does Not Properly Appear in the Statement