When preparing a fund budget for the next fiscal year, which of ...

[nelaaney]

When preparing a fund budget for the next fiscal year, which of the following are important to consider when projecting the amount of resources that will be available for spending in the next year?
 
  a. the projected fund expenditures for next year
  b. the probable fund balance at the end of the current year
  c. the projected transfers out of the fund for the next year
  d. the projected fund revenues to be realized for the next year
  e. both b and d

Question 2

If the adjustment for depreciation for the year is inadvertently omitted, the assets on the balance sheet at the end of the period will be understated.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[jessofishing]

Answer to Question 1

e

Answer to Question 2

False