Multiple Choice
Which line item would not be appropriate in the closing entry of a General Fund or a Special Revenue Fund?
A) Expenditures-public safety salaries
B) Expenditures-debt service
C) Fund balance
D) Expenditures-depreciation
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: Use the preclosing trial balance prepared for
Q43: Which of the following best describes accrued
Q44: Grant proceeds that are restricted for spending
Q45: Use the information in Problem 1, above,
Q46: Use the adjusted trial balance shown in
Q47: Which of the following statements regarding budgetary
Q49: Major sections of the statement of revenues,
Q50: A city invests $500,000 of its idle
Q51: At the end of its fiscal
Q52: The city council passed a budget