The journal entry to record the budget of a Special Revenue Fund would include:

A. A credit to Estimated Revenues Control.
B. No entry; Special Revenue Funds do not record budgets.
C. A debit to Estimated Revenues Control.
D. A debit to appropriations Control.


Answer: C

Business

You might also like to view...

In 2005, representatives from several wine regions in the United States and the EU signed a Joint Declaration to Protect Wine Place & Origin. In addition, a Wine Accord signed by the United States and EU bans the:

A) use of alcohol in public places. B) purchase of wine from country of origin. C) misuse of place names by marketers of wine products that do not originate in those places. D) misuse of labels which does not include the origin of ingredients. E) use of word "champagne" on wine made in the United States.

Business

What is a quasi contract?

What will be an ideal response?

Business

Depreciation expense provides a tax shield against the payment of taxes

Indicate whether the statement is true or false

Business

For a normal distribution, a negative value of z indicates

A. a mistake has been made in computations, because z is always positive. B. the area corresponding to the z is negative. C. the z is to the left of the mean. D. the z is to the right of the mean.

Business