Question
Write about the relationship between budgetary fund balance and actual fund balance, the village of alberts alley recorded the following budgetary journal entry at the
Write about the relationship between budgetary fund balance and actual fund balance, 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 equal to estimated revenues, and actual expenditures are equal to appropriations.
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
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