Author Question: If a government uses a Budgetary Fund Balance account, the account balance a. will equal the ... (Read 81 times)

clippers! · **on:** Jul 5, 2018

If a government uses a Budgetary Fund Balance account, the account balance

a. will equal the difference between actual expenditures and appropriations at any point in time.
b. during the year will equal the budgeted excess of revenues (and other financing sources) over expenditures (and other financing uses) for the year.
c. will equal the difference between actual revenues and budgeted revenues at any point in time.
d. will equal the difference between actual revenues and actual expenditures and encumbrances for the year.

Question 2

Historically, the accountant has performed a(n) ___________________ ___________ function to determine the reliability of financial information presented in printed financial statements.
Fill in the blank(s) with correct word