Question
The journal entry to record the budget of a special revenue fund would include: a.) a debit to estimated revenues b.) a debit to appropriations
The journal entry to record the budget of a special revenue fund would include:
a.) a debit to estimated revenues
b.) a debit to appropriations
c.) a credit to estimated revenues
d.) none of the above. Special revenue funds do not record budgets
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Simplified For Beginners
Authors: Preston C Wainwright
1st Edition
8550577332, 9798550577332
