Which of the Following Would Not Be Considered a Budgetary

question 18

Multiple Choice

Which of the following would not be considered a budgetary account in the General Fund?

• A) Estimated Other Financial Sources
• B) Appropriations
• C) Estimated Revenues
• D) Fund Balances--Reserved for Inventory

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Definitions:

Budgeted Income Statement

A financial statement that forecasts a company's revenue, expenses, and net income for a future period.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, detailing assets, liabilities, and equity.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals within a given period.

Raw Materials

Fundamental components or substances used at the beginning of the production process to manufacture goods.