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If an Expenditure Was Inadvertently Charged to the General Fund

Question 20

Multiple Choice

If an expenditure was inadvertently charged to the General Fund instead of the appropriate Special Revenue Fund, what effect would the correction of this error later in the same fiscal year have on the General Fund?


A) An entry would be made directly to the General Fund's fund balance to correct the error.
B) Revenues would be increased.
C) Expenditures would be decreased.
D) Transfers in would be increased.

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