Use the following fact pattern to ser questions 45 through The town of Gatwick Fall, ID's selected trial balance is provided below Debit Credit Selected Trial Balance! Estimated Revenues Appropriations Expenditures-2020 Expenditures 2019 Revenues Esed Other Financing S Other Financing Sources Badetary Fund Balance Fund Balance-Unassigned 45. The closing entry for the budgetary accounts would include: A. Debit to Revenues, S208 B. Credit to Expenditures 2020 $170. C. Credit to Appropriations, $218. D. Debit to Budgetary Fund Balance, S72 46. The closing entry for all of the temporary accounts (non-budgetary accounts) would include A. Credit Estimated Other Financing Sources, 590. B. Debit Expenditures 2020, $170. C. Credit Expenditures 2019. S2 D. Debit Budgetary Fund Balance, S72 47. When closing all of the other temporary accounts (non-budgetary accounts, the fund balance unassigned will be impacted by: A. Debiting Fund balance Unassigned. 572 B. Debiting Fund balance-Unassipod, SI28 C. Crediting Fund balance-Unassigned, S124 D. Crediting Fund balance Unassigned. S126 48. When monies are transferred from the General Fund to the Capital Projects Fund: A. The General Fund debits Other Financing Sources B. The Capital Projects und debit Cash The General Fund credits Other Financing Uses D. The Capital Projects Fund credits Other Financing Uses 49. Which of the following is not correct? A. The General Fund is a governmental fund B. The Special Revenues Fund is a governmental fund. C. The General Funduses an onmicroscurces focus D. The Special Revenues Funduses modified accrual 50 Which of the following revenue is not a general revenue: A Sales taxes B. Gasoline taxes C. Miscellaneous revenues D. Program revenues. Use the following fact pattern to ser questions 45 through The town of Gatwick Fall, ID's selected trial balance is provided below Debit Credit Selected Trial Balance! Estimated Revenues Appropriations Expenditures-2020 Expenditures 2019 Revenues Esed Other Financing S Other Financing Sources Badetary Fund Balance Fund Balance-Unassigned 45. The closing entry for the budgetary accounts would include: A. Debit to Revenues, S208 B. Credit to Expenditures 2020 $170. C. Credit to Appropriations, $218. D. Debit to Budgetary Fund Balance, S72 46. The closing entry for all of the temporary accounts (non-budgetary accounts) would include A. Credit Estimated Other Financing Sources, 590. B. Debit Expenditures 2020, $170. C. Credit Expenditures 2019. S2 D. Debit Budgetary Fund Balance, S72 47. When closing all of the other temporary accounts (non-budgetary accounts, the fund balance unassigned will be impacted by: A. Debiting Fund balance Unassigned. 572 B. Debiting Fund balance-Unassipod, SI28 C. Crediting Fund balance-Unassigned, S124 D. Crediting Fund balance Unassigned. S126 48. When monies are transferred from the General Fund to the Capital Projects Fund: A. The General Fund debits Other Financing Sources B. The Capital Projects und debit Cash The General Fund credits Other Financing Uses D. The Capital Projects Fund credits Other Financing Uses 49. Which of the following is not correct? A. The General Fund is a governmental fund B. The Special Revenues Fund is a governmental fund. C. The General Funduses an onmicroscurces focus D. The Special Revenues Funduses modified accrual 50 Which of the following revenue is not a general revenue: A Sales taxes B. Gasoline taxes C. Miscellaneous revenues D. Program revenues
