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The Village of Albert s Alley recorded the following budgetary journal entry at the beginning of fiscal 2 0 2 2 : Estimated revenue 6
The Village of Alberts Alley recorded the following budgetary journal entry at the beginning of fiscal :
Estimated revenue
Appropriations
Budgetary fund balance
At the end of fiscal what would be the effect on the ending actual fund balance, assuming the following:
a Actual revenues are equal to estimated revenues, and actual expenditures are $ less than appropriations.
The actual ending fund balance would increase by: $Answer
b Actual revenues are equal to estimated revenues, and actual expenditures are equal to appropriations.
The actual ending fund balance would increase by: $Answer
c Actual revenues exceed estimated revenues by $ and actual expenditures are equal to appropriations.
The actual ending fund balance would increase by: $Answer
d Actual revenues are $ less than estimated revenues, and actual expenditures are $ less than appropriations.
The actual ending fund balance would increase by: $Answer
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