Which of the following items would not appear in a statement of revenues, expenditures, and changes in fund balances prepared for a governmental fund?
A) Depreciation expense.
B) Interfund transfers in.
C) Revenues from property taxes.
D) Expenditures for employee salaries.

Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash item and does not appear in the statement of revenues, expenditures, and changes in fund balances prepared for a governmental fund.

Which of the Following Items Would Not Appear in a Statement