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Author Question: If the Budgetary fund balance account was debited when the budget was recorded in the City of ... (Read 91 times)

bb

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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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Answer to Question 1

a

Answer to Question 2

True



bb

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cdmart10

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