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Title: If a General Fund purchases capital assets with cash, what effect will this tran Post by: goji.go on Oct 21, 2014 If a General Fund purchases capital assets with cash, what effect will this transaction have on the assets and fund balance, respectively, of the fund?
A. Neither assets nor fund balance will change (the increase in capital assets will offset the decrease in cash). B. Both assets and fund balance will increase. C. Both assets and fund balance will decrease. D. No effect since the purchase is recorded only in the General Capital Assets account. Title: Re: If a General Fund purchases capital assets with cash, what effect will this tran Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: If a General Fund purchases capital assets with cash, what effect will this tran Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: If a General Fund purchases capital assets with cash, what effect will this tran Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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