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Author Question: At year-end, a city's expenditures exceed its revenues. When the accounts are closed, which of the ... (Read 57 times)

Alainaaa8

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on: Jul 5, 2018
At year-end, a city's expenditures exceed its revenues. When the accounts are closed, which of the following entries will be made to record this fact?
 
  a. a credit to fund balance
  b. a debit to fund balance
  c. a credit to Appropriations
  d. a debit to Budgetary fund balance

Question 2

A data flow diagram (DFD) is a graphical representation of a system, which depicts the system's components, data flows and the sources, destinations and storage of data.
  Indicate whether the statement is true or false


gabrielle_lawrence

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

T


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