Author Question: The General Capital Assets nonfund account would be used to account for A. All capital assets ... (Read 77 times)

Anajune7 · **on:** Jul 5, 2018

The General Capital Assets nonfund account would be used to account for

A. All capital assets acquired by a government entity regardless of the fund purchasing the asset.
B. Capital assets acquired with governmental fund resources that will be used in governmental fund activities.
C. Capital assets acquired with debt proceeds only.
D. Capital assets that are used by a variety of governmental and proprietary funds.

Question 2

The Salaries Payable Control account has underlying subsidiary ledgers.

Indicate whether this statement is true or false.