1. The Estimated Revenues ledger account of a governmental entitys general fund is debited when: a. The...
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1. The Estimated Revenues ledger account of a governmental entity’s general fund is debited when:
a. The budgetary accounts are closed at the end of the fiscal year.
b. The budget is recorded.
c. Actual revenues are recognized under the modified accrual basis of accounting.
d. Actual revenues are received in cash.
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Jehal Shah
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