Which the following is true regarding pension accounting and reporting for state

Question

Which the following is true regarding pension accounting and reporting for state and local government‘s? A. Statement of changes in fiduciary net position reports “additions “ and “deductions “ computed on the accrual basis B. Both of the above C, neither of the above D. When the general fund makes a contribution to a pension trust fund, the account” expenditures “ is debited Which the following is true regarding pension accounting and reporting for state and local government‘s? A. Statement of changes in fiduciary net position reports “additions “ and “deductions “ computed on the accrual basis B. Both of the above C, neither of the above D. When the general fund makes a contribution to a pension trust fund, the account” expenditures “ is debited A. Statement of changes in fiduciary net position reports “additions “ and “deductions “ computed on the accrual basis B. Both of the above C, neither of the above D. When the general fund makes a contribution to a pension trust fund, the account” expenditures “ is debited

Explanation / Answer

D.when the general fund makes a Contribution to a pension trust fund,the account"expenditure" is debited

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