The village of alberts alley recorded the following budgetary journal entry at the beginning of fiscal 2013:
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The village of albert’s alley recorded the following budgetary journal entry at the beginning of fiscal 2013: estimated revenue 5,000,000 appropriations 4,950,000 budgetary fund balance 50,000 at the end of fiscal 2013, what would be the effect on the ending actual fund balance, assuming the following:
Actual revenues are $3,000 less than estimated revenues, and actual expenditures are $2,000 less than appropriations.
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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