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When the budget for the General Fund is recorded, the required journal entry will include: A. A credit to Estimated Revenues. B. A debit to
When the budget for the General Fund is recorded, the required journal entry will include:
A. A credit to Estimated Revenues.
B. A debit to Encumbrances.
C. A debit to Appropriations.
D. Either a debit or credit to Budgetary Fund Balance, as appropriate.
A. A credit to Estimated Revenues.
B. A debit to Encumbrances.
C. A debit to Appropriations.
D. Either a debit or credit to Budgetary Fund Balance, as appropriate.
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Answer D Either a debit or credit to budgetary fund balance a...
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
