Multiple Choice
A county general fund budget includes budgeted revenues of $900 and budgeted expenditures of $890. Actual revenues for the year were $915. To close the estimated revenues account at the end of the year
A) Debit Estimated revenues $15
B) Credit Estimated revenue $15
C) Debit Estimated revenues $900
D) Credit Estimated revenues $900
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Which of the following is a primary
Q60: Assume that the County of Katerah maintains
Q61: The town of Terry began 2016 with
Q62: Not-for-profit budgets can rely on levies in
Q63: School District #25 formally integrates the budget
Q64: GASB, but not FASB, sets standards for
Q65: When budgets are integrated into a government's
Q66: Capital budgets concentrate on long-lived assets.
Q67: Which of the following is the primary
Q69: Which of the following is NOT a