Multiple Choice
Assume estimated revenues exceed appropriations. When the budget for the General Fund is recorded, the journal entry will include:
A) a credit to Budgetary Fund Balance.
B) a credit to Estimated Revenues Control.
C) a debit to Appropriations Control.
D) a credit to Budgetary Fund Balance -- Reserve for Encumbrances.
Correct Answer:
Verified
Correct Answer:
Verified
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