Multiple Choice
Which of the following will increase the fund balance of a government at the end of the fiscal year?
A) The sum of revenues and other financing sources is more than the sum of expenditures and other financing uses.
B) Expenditures are more than the difference between revenues and the excess of other financing sources over other financing uses.
C) Revenues are less than the sum of expenditures, other financing sources, and other financing uses.
D) The sum of fund balance, revenues, and other financing sources is more than the sum of expenditures and other financing uses.
Correct Answer:

Verified
Correct Answer:
Verified
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