Which of the following activities is the most likely to be accounted for in a General Fund?
A)payment of salaries of police and firefighters
B)construction of a new school building from bond proceeds
C)accumulation of resources to pay pension benefits to employees
D)accumulation of resources required by law to be used only to beautify parks

Question

Quizplus · Accepted Answer

The General Fund is typically used to account for the day-to-day operations of a government entity, including the payment of salaries to employees such as police officers and firefighters. Construction projects, pension benefits, and park beautification would likely be accounted for in separate funds.

Which of the Following Activities Is the Most Likely to Be