The general ledger journal entry in the General Fund to record the adoption of a budget would include:
A. A debit to Budgetary Fund Balance-Reserve for Encumbrances.
B. A debit to Estimated Revenues Control.
C. A credit to Estimated Other Financing Sources Control.
D. A debit to Appropriations Control.
Answer: B
You might also like to view...
U.S. auditing standards recommend that a successor auditor on an initial audit obtain client permission to communicate with the predecessor auditor
a. True b. False Indicate whether the statement is true or false
Just-in-time operations attempt to significantly reduce
A) inspection time and processing time. B) moving time and processing time. C) inspection time and moving time. D) only storage time.
The rise of HRM is associated with growth of which of the following in the employment relationship:
a.collectivism b. Marxism c. individualism d. pluralism
According to the best-fit learning event model, successful learning events must achieve a best fit between ______.
a. content, media, and method b. individual, content, and method c. method, individual, and media d. none of these