Multiple Choice
Which of the following statements regarding budgetary fund balance is accurate?
A) Budgetary fund balance is always recorded as a credit.
B) Budgetary fund balance is permanent in nature.
C) Budgetary fund balance is the anticipated change in fund balance as a result of adopting the budget.
D) Budgetary fund balance can be used to pay bills.
Correct Answer:
Verified
Correct Answer:
Verified
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