Author Question: A favorable expenditures variance signifies that, during the year, a. Unassigned fund balance ... (Read 87 times)

jparksx · **on:** Jul 5, 2018

A favorable expenditures variance signifies that, during the year,

a. Unassigned fund balance increased
b. actual spending was less than budgeted spending
c. estimated revenues were less than actual revenues
d. total expenditures did not exceed total encumbrances

Question 2

The balance in the capital account on the worksheet will equal the amount presented in the balance sheet.
a. True
b. False

Indicate whether the statement is true or false