Assume estimated revenues exceed appropriations. When the budget for the General Fund is recorded, the journal entry will include:
A. a credit to Estimated Revenues Control.
B. a credit to Budgetary Fund Balance -- Reserve for Encumbrances.
C. a debit to Appropriations Control.
D. a credit to Budgetary Fund Balance.
Answer: D
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Blake and Ryan each invest $30,000 in a business and are given shares of stock in Jones Industries as evidence of their ownership interests. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
The ________ begins with sales representatives and dealers sending orders to the firms and is followed by the sales department preparing invoices, and finally generating shipping and billing documents
A) payroll system B) market research process C) human resources system D) expense cycle E) order-to-payment cycle
Which of the following statements about business plans is least accurate?
A) For existing companies, the company description section should describe the company's founding, growth, sales, and profits. B) Investors are looking only for unique products or services. C) Start-up companies should explain in the product/service description section why the business will be profitable. D) The product/service description section should explain why your product or service is better than existing products or services.
A securities analyst who is a fundamentalist would probably be interested in a company's earnings and financial strength
Indicate whether the statement is true or false.