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  3. Study Set
    Essentials of Accounting Study Set 3
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    If Budgetary Fund Balance Was Debited in the Process of Recording
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If Budgetary Fund Balance Was Debited in the Process of Recording

Question 2

Question 2

Multiple Choice

If Budgetary Fund Balance was debited in the process of recording a budget for the General Fund of a governmental unit, it can be assumed that:


A) Estimated Revenues exceed Appropriations.
B) Estimated Expenses exceed Actual Revenues.
C) Actual Expenses exceed Estimated Expenses.
D) Appropriations exceed Estimated Revenues.

Correct Answer:

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