Q5:

Which of the following is budgetary account:

a.

Voucher payable

b.

Revenue property taxes

c.

Appropriation- supply

d.

Expenditure- supply

Q6:

A city formally adopted a budget at the beginning of the current year. Budgeted revenues were $500 and budgeted expenditures were $490. During the year actual revenues were $520 and actual expenditures were $480. Which of the following statements is true with regard to unreserved Fund Balance at the end of the current year, unreserved Fund balance at the end of the current year in comparison to fund balance at the end of the preceding year will be

a.

$30 greater.

b.

$40 greater.

c.

$10 greater.

d.

$50 greater