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 55 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
Excellent

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Communicating with patients with special needs Communicating with patients with special needs
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
When the White House tapes were turned over to the special prosecutor, several crucial sections had ... When the White House tapes were turned over to the special prosecutor, several crucial sections had ...
Older adults may need special assistance with medications. Older adults may need special assistance with medications.
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
Should Parents Make Their Own Baby Food? Should Parents Make Their Own Baby Food?
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library