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The General Fund of Caldwell Had the Following Operating Budget

Question 66

Multiple Choice

The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1,20X9:
The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1,20X9: When the general fund records its operating budget on July 1,20X9,Budgetary Fund Balance-Unassigned should be A) credited for $600,000. B) debited for $900,000. C) debited for $600,000. D) credited for $900,000.
When the general fund records its operating budget on July 1,20X9,Budgetary Fund Balance-Unassigned should be


A) credited for $600,000.
B) debited for $900,000.
C) debited for $600,000.
D) credited for $900,000.

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