Multiple Choice
Which of the following fund balance classifications is used for budgetary accounting but not for GAAP financial statement reporting?
A) Nonspendable Fund Balance.
B) Budgetary Fund Balance.
C) Committed Fund Balance.
D) Unassigned Fund Balance.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Under an encumbrance system, which account is
Q2: The purpose of encumbrance accounting is to<br>A)
Q9: The Town of Red Herring issued $60,000
Q13: What general ledger account is not needed
Q21: Which of the following is not a
Q25: The encumbrances method of budgetary reporting<br>A) Is
Q26: The Town of Red Herring issued $60,000
Q27: During the year, Nathan Township amended
Q32: Managers may ration expenditure authority into either
Q36: The Town of Red Herring issued $60,000