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Which of the following statements is true concerning the recording of a budget? a. At the beginning of the year debit Appropriations. b. At the

Which of the following statements is true concerning the recording of a budget?

a.

At the beginning of the year debit Appropriations.

b.

At the beginning of the year debit Estimated Revenues.

c.

Budget information is only recorded in the General Fund.

d.

Budgets should not be used as a means of evaluating performance.

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