In Government Accounting, self-balancing set of accounts to account for the general fixed assets of a governmental unit. The account group is not a fund. It provides double-entry control in memorandum fashion of fixed assets that are not accounted for specifically in a fund (e.g., proprietary fund). See also General Long-Term Debt Account Group.
General Fixed Asset Account Group
| Accounting Dictionary: General Fixed Asset Account Group |
| 5min Related Video: General Fixed Asset Account Group |
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 | General Long-Term Debt Account Group (in accounting) |
| Multiple Recording of Transactions (in accounting) |
| Comprehensive Performance Assessment |
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Mentioned in
- General Long-Term Debt Account Group (in accounting)
- Multiple Recording of Transactions (in accounting)
- Comprehensive Performance Assessment
- Comprehensive annual financial report
