This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following budgetary entries would the town of Geneva make upon adoption of its Special ... (Read 43 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 5, 2018
Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the year? Assume the following:
 
   Estimated Revenues 6,400,000
   Appropriations 6,080,000
 
   Debit Credit
 
  A. Appropriations
  Budgetary Fund Balance
   Estimated Revenues 6,080,000
  320,000
 
  6,400,000
  B. Estimated Revenues
   Appropriations
   Budgetary Fund Balance 6,400,000
  6,080,000
  320,000
  C. Expenditures
  Budgetary Fund Balance
   Revenues 6,080,000
  320,000
 
  6,400,000
  D. Appropriations
   Estimated Revenues 6,400,000
  6,400,000

Question 2

Revenues are equal to the difference between cash receipts and cash payments.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

False


lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
Make a note of the reading on the gauge after the first “puff,” which indicates the first ... Make a note of the reading on the gauge after the first “puff,” which indicates the first ...
To use a battery charger, make sure the charger is connected to the battery before plugging in the ... To use a battery charger, make sure the charger is connected to the battery before plugging in the ...
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ... Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ...
How to make pancakes How to make pancakes
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library