For a General Fund or a Special Revenue Fund, what does a credit balance in the fund

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For a General Fund or a Special Revenue Fund, what does a credit balance in the fund balance account(s) at the end of the year signify? What does a debit balance signify?

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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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Question Posted: Dec 30, 2014 04:49 AM

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For a General Fund or a Special Revenue Fund, what does a credit balance in the fund

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A credit balance in the fund balance accounts signifies that cumulative revenues an...View the full answer

Introduction to Governmental and Not for Profit Accounting

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