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Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910 Exercise 32
Which of the following statements is true concerning the recording of a budget
A) At the beginning of the year, debit Appropriations.
B) A debit to the Budgetary Fund Balance account indicates an expected surplus.
C) At the beginning of the year, debit Estimated Revenues.
D) At the end of the year, credit Appropriations.
A) At the beginning of the year, debit Appropriations.
B) A debit to the Budgetary Fund Balance account indicates an expected surplus.
C) At the beginning of the year, debit Estimated Revenues.
D) At the end of the year, credit Appropriations.
Explanation
Verified
Verified
Budget is a pre-determined estimation of...
Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
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