Q15:

Which of the following terms refers to a budgetary account, rather than actual account

a.

Unreserved Fund Balance

b.

Revenue

c.

Estimated revenue

d.

Expenditure

Q16:

Which of the following results in unfavorable variance:

a.

Appropriations exceeds expenditures

b.

Revenues exceeds Estimated revenues

c.

Expenditures exceeds appropriations

d.

Estimated revenues exceeds appropriations