What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund?

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The kinds of assets deployed in the general fund include inventories, cash and cash equivalents, dues from other funds, and the receivables (net of allowance for uncollectible).

On the other hand, the liabilities incurred in the general fund include the unearned grant revenue, accounts payable due to other funds, and other pending. To a greater extent, the general revenues earned in the general fund include taxes, intergovernmental interest, miscellaneous and current charges. They comprise sales, property, and franchise taxes.

The gain on the sale and litigation settlement of capital assets, intergovernmental grants, and shared profits is not limited to particular initiatives. Unrestricted investment earnings serve as forms of Jackson City’s general revenue in their general fund. Other kinds include gain on retirement bonds and transfers.

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Academic.Tips. (2023) 'What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund'. 9 May.

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Academic.Tips. (2023, May 9). What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund? https://academic.tips/question/what-type-of-assets-are-used-and-liabilities-incurred-in-the-general-fund-and-what-kind-of-general-revenues-are-earned-in-the-general-fund/

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Academic.Tips. 2023. "What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund?" May 9, 2023. https://academic.tips/question/what-type-of-assets-are-used-and-liabilities-incurred-in-the-general-fund-and-what-kind-of-general-revenues-are-earned-in-the-general-fund/.

1. Academic.Tips. "What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund?" May 9, 2023. https://academic.tips/question/what-type-of-assets-are-used-and-liabilities-incurred-in-the-general-fund-and-what-kind-of-general-revenues-are-earned-in-the-general-fund/.

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Academic.Tips. "What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund?" May 9, 2023. https://academic.tips/question/what-type-of-assets-are-used-and-liabilities-incurred-in-the-general-fund-and-what-kind-of-general-revenues-are-earned-in-the-general-fund/.

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"What type of assets are used and liabilities incurred in the general fund, and what kind of general revenues are earned in the general fund?" Academic.Tips, 9 May 2023, academic.tips/question/what-type-of-assets-are-used-and-liabilities-incurred-in-the-general-fund-and-what-kind-of-general-revenues-are-earned-in-the-general-fund/.

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