Solved

The General Ledger Journal Entry in the General Fund to Record

Question 34

Multiple Choice

The general ledger journal entry in the General Fund to record the adoption of a budget would include:


A) A debit to Estimated Revenues Control
B) A credit to Estimated Other Financing Sources Control
C) A debit to Budgetary Fund Balance-Reserve for Encumbrances
D) A debit to Appropriations Control

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions