The residual classification for governmental fund balances other than the General Fund is Assigned.

Question

Quizplus · Accepted Answer

Any funds not meeting the criteria for restricted or committed would be reported as assigned; the residual classification for funds other than the general fund. The government's decision to record resources in a special revenue, capital projects, debt service or permanent funds is an indication that the resources are at least assigned to a particular purpose.

The Residual Classification for Governmental Fund Balances Other Than the General