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Author Question: If the Budgetary fund balance account was debited when the budget was recorded in the City of ... (Read 28 times)

bb

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on: Jul 5, 2018
If the Budgetary fund balance account was debited when the budget was recorded in the City of Mustangville's General Fund, then
 
  a. appropriations exceed estimated revenues
  b. actual expenditures exceed appropriations
  c. estimated revenues exceed appropriations
  d. appropriations exceed actual revenues

Question 2

Expense accounts normally have debit balances.
 a. True
   b. False
   Indicate whether the statement is true or false


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cdmart10

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

a

Answer to Question 2

True


bb

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Reply #2 on: Jul 5, 2018
Correct answers!


cdmart10

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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