Which of the following liabilities would NOT be found in the general fund balance sheet of the City of Marmaduke?
A)Accounts payable.
B)Due to special revenue fund.
C)Deferred revenue.
D)Bonds payable, due in 5 years.

Question

Quizplus · Accepted Answer

The general fund balance sheet only includes short-term liabilities, and bonds payable due in 5 years are long-term liabilities. The other answer choices may be found in the general fund balance sheet.

Which of the Following Liabilities Would NOT Be Found in the General