Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 3, Problem 16.5EP

Which of the following statements is true for other financing uses but is not true for expenditures?

  1. a.     Arise from interfund transfers out.
  2. b.     Decrease fund balances when they are closed at year-end.
  3. c.     Are included on the budgetary comparison schedule.
  4. d.      Have normal debit balances.
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Which of the following terms refers to a budgetary account, rather than actual account a. Unreserved Fund Balance b. Estimated revenue c. Revenue d. Expenditure

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Accounting For Governmental & Nonprofit Entities

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